Just an update, I had a chance to test it. It works flawlesly minus one little thing. It ended up getting one tiny tiny leak after I started blowing into the intake tube to build up some pressure to see how it would take it. Worked great until I really put some pressure in there and got a very small leak. I wanted to make sure it would hold up to some what brutal conditions so I wouldn't have water all over my floor. So I will be re-siliconing it today, let it dry then re-test it and put some media in it then slap it on the tank.
Over I couldn't be happier with how simple it was to make this and how it works.