I use one as well in a 72 gallon, and have been able to mantain 30+ ppm for over 6 months now at just 3 bubbles per second with absolutely no problems. The key, keep the unit clean inside!
Now you do loose some bubbles, but ive got a 15 pound tank, and it hasent moved a single bit in the gauge. The tank should be good for atleast a year and a half. I consider that pretty good efficiency for a powerhead.
Edit: One thing, place it near you filter intake, and point it down. Also place it as low as possible in your tank. This way, some bubbles that do escape dissolve as they goto the top, while the other go into the filter intake and come out dissolved!