Well, its been a few days (busy working).  I did a water change yesterday and kept the old water with nutrients for this project.  It took a long time to get it primed again with old tank water.  Lots of manual priming (pushing out air bubbles).   (I've got a heater and no pump in the bucket as there is enough extra circulation already from the pump in there.)
http://i101.photobucket.com/albums/m...ps9f7166c4.jpg
After a gymnastics event with it, the air is gone (I think) and its dripping old tank water at about a drip a second.  The rate was hard to get as the valve isn't obviously rated for such precision.  You can maybe see a slow drop forming....
http://i101.photobucket.com/albums/m...psf2e9b2f8.jpg
I'm getting the Ammonia, Nitrites and Nitrate readings from the bucket of water.    Just so we have something to compare against.
:-)   Lets see if this thing works.