Straight water, whether it's tap or distilled, will give you a radiator and block full of rust overnight in a hot summer, or maybe 3 days in winter but above freezing. Prestone has a water pump lubricant/corrosion protection product, about one quart for the system, that works well. Or add RMI-25 (my favorite) or waterwetter or one of the other products. They do not raise the boiling point, they lower the surface tension of the water so it extracts heat from the motor better and gives it up better to the radiator. Or even use both the prestone and rmi25. Just do not use straight water. [Okay, use it when you are first firing up a new motor when you need to be sure nothing is leaking, but then after that first 20 minutes when you are changing the oil drain some water and add antifreeze.] Water is pretty bad for bearings but antifreeze is much worse - it basically dissolves the oil and lets metal hit metal much quicker than a water/oil emulsion would. Take an old plastic soda bottle and put in some oil, enough to coat the insides when you shake it up (say 1 cup in a 2 liter bottle). Then add a couple of tablepoons of water and give it a good shake. You get a nice milkshake that still sticks to the sides of the bottle. Then add a couple of tablespoons of antifreeze and shake it up again. See how fast it all runs down the sides? That's how fast your bearings get unprotected. Personally, I don't see how anyone not trying to make the next round or day of racing could not pull the pan and check the bearings after blowing a head gasket with antifreeze in the system and making a milkshake. You are just begging for a rod knock in a few thousand miles.