First off, it wouldn't work with that hard drive. It's using SAS, which is generally a server storage interface.
Yes, I would recommend a SSD + Hard drive (Samsung F3 1TB) combination. SSD for boot drive, HDD for storage.
Liquid cooling is very complex, so I would advise you to read up much much much more. It's not as simple as you might think, because if you don't get the right radiators or enough of them, you'll be worse of than if you just air cooled.
That case seems to small, especially for LCing. Go with like a Corsair 800D, or you could even air cool with the Thermaltake Level 10.