Water by itself is a poor choice for use in a closed-loop cooling system. Yes, it cools well but it also corrodes things.
I will never forget the conversation with my father when I was in college. I was taking Mechanics Of Materials and in it we learned what happens to dissimilar metals in the presence of an electrolyte - like water. Basically you create a battery and material is taken from one metal and deposited on the other.
Dad said "Our '64 Buick sprang a coolant leak. And it looks like the heads are aluminum." After some questions I discovered that he was running straight water in the cooling system, in spite of what the owner's manual said. Sure enough, when he pulled the head the land around the water passage was gone.
Modern antifreezes have corrosion inhibitors that prevent that from happening - as long as they are active. But after some time that goes away and the coolant needs to be replaced. And the owner's manual in the Buick explained that antifreeze was a requirement, but Dad didn't read owner's manuals. In fact, one of his famous sayings was "When all else fails, dig the instructions out of the trash."
Gary, AKA "Gary fellow":
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Dad's: '81 F150 Ranger XLT 4x4: Down for restomod: Full-roller "stroked 351M" w/Trick Flow heads & intake, EEC-V SEFI/E4OD/3.50 gears w/Kevlar clutches
Blue: 2015 F150 Platinum 4x4 SuperCrew wearing Blue Jeans & sporting a 3.5L EB & Max Tow
Big Blue: 1985 F250HD 4x4: 460/ZF5/3.55's, D60 w/Ox locker & 10.25 Sterling/Trutrac, Blue Top & Borgeson, & EEC-V MAF/SEFI