Please read this.
http://en.wikipedia.org/wiki/Radiator
In the F1 environment, ram air is directed into a duct, the duct flows to a radiator, and the warm(er) air expelled. If the air flows too quickly through the radiator, there is not much time to transfer heat, and the process becomes inefficient. So a diffuser is built in between the inlet and radiator to decelerate the air flow so that it spends more time in contact with the radiator elements, and more heat is transferred. Remember, aero drag is important, and the goal is to keep the inlets as small as possible (to keep drag low) while still being as efficient as possible in transferring the heat.
The surface radiator relies on air flow along a surface, where the heat transfer takes place. Air does not flow through it, just along it's sides. The advantage is that it provides incredibly low drag, but at the risk of many complications. Compared to current systems, it is more complex, less efficient, and weighs more. Here's an example of a surface (actually two, one each side of the fin) radiator on an old, but famous land speed record car.
http://www.brooklandsarchives.com/Galle ... get33.html
Racing should be decided on the track, not the court room.