Okay, this isn't exacly DIY but sort of. First thing, I've got a 72g Bow front and I use compressed CO2. I tried the Coralife Limewood stone. I placed it as low in the tank as possible right below the suction of my filter. My filter is a Cascade 1200, 315g/hr canister filter. I guess it worked alright. But bubbles would build up inside my filter and then would cause the pump to cavitate. This would only happen a few time an hour, but non the less, not desireable. Not only that, the bubbles were not very small, not much smaller than a normal airstone. In fact I had to run over 4 bubbles per second to keep my pH around 6.8. The bubbles were in fact so large that about 1/4 of them would escape the suction and float straight to the top.
So, I did some searching around and looked at several different diffusers. All of the ones mentioned here and one spiral ladder style that was highly recommended. But was quite expensive and needed it's own power head. It released the bubbles into spiral canister smae type of idea as a ladder style, but it forces water through the whole thing. Apparently works great, a little bulky, once you consider a power head into the picture. However by the time you buy a power head it will cost over $80CDN.
But, the salesman showed me this new unit that was very innovative. It used a built-in power head and a centrifuge to diffuse the CO2. It sprays the water into a mixing chamber and spins the CO2 to the center and creates a whirlpool effect. Looks very cool and you literaly can't see a single bubble being released. So, I bought it. It works for tanks 10-125g, has a 65g/hr pump and can dissolve over 180 bubbles per minute. Super compact design too 3.75" x 1.6" x 2.2". So, far I'm very impressed. It also can be fully disassembled for cleaning and has a 1 year warrany.
It is a Red Sea CO2 Reactor 500.
Here is one on ebay for a reasonable price. I paid $60CDN from my local store.
http://cgi.ebay.com/CO2-Reactor-500...Z019QQcategoryZ117435QQtcZphotoQQcmdZViewItem
So, I hope this helps some of you out. I just got this unit so I will keep posting the long term effects.
Lyle