Smaller pipe will allow for more surface contact (water to pipe), which will mean that more heat will be transferred into the water for the amount of time it's in there. Think of it as if 5% of your water touches the pipe, less heat will be absorbed than if more water is in contact with the pipe. The pump that is connected to the solar heat exchanger will do best if it's piped into a larger diameter pipe that is then split off into smaller cross section pipes, allowing more thermal exchange to take place. Every joint in the pipe will also cause some turbulence in the flow of water, causing potentially more heat to be exchanged.
Plastic is not a good conductor of heat, but it will transfer more heart than the water itself will absorb. Be sure that whatever pump you use has the flow rate you need (gpm) at the head height you require to pump water through your heat exchanger. A greater volume capacity (in the heat exchanger) with a slower flow rate will net a higher amount of heat transferred to the water.
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