Novec may be a better option when you live in hot climate and need to use complex costly system to cool your farm,
No it's not, because you need a temperature differential between ambiant and Novec boiling point.
With high ambient, you'll have to use chillers or huge amount of air to cool the fluid in the condenser.
Novec won't really help reduce costs, it'll allow you to have a more dense power usage, reducing some fixed costs.
If you need to dissipate a certain amount of heat (watts/BTU), wether it's in 2 phase immersion cooling or air cooling, it'll cost the same (it will be even more in Novec).
The advantage of Novec is to allow you to densely pack those heat generating unit.
Maybe you can ask planetcrypto since they did some tests
https://www.youtube.com/watch?v=gcb9TyQP5ZABTW, with a proper condenser, you could squeeze at least 4 hashing boards in the tank they used, and if the spacing allows it, maybe even 6.
15-20mm between boards is usually fine.