Hey, Rockhead! (sorry, but I couldn’t resist)
Although I haven’t actually seen one, I believe all you do is take the business end of a gravel vac, hang it in your tank with the open end down, and let the CO2 bubble up into it. Then, you use a powerhead on the other end, running it in reverse to push water down through the tube.
What you end up with is a big tube hanging upside down in your tank. All the time. Every day.
Needless to say, I lean toward the external reactor - no clutter in the tank. But for that, I would shell out the bucks, because if it leaks...
I have one and I would recommend it to anyone wanting to seriously dose CO2.
Good luck - I’ll keep an eye out to see how it turns out for you.
-SR