Hi Jeff,
Your idea is the principle the Tunze Kalk Dispenser works on, except it is sealed. I bought one of these before my first Nilsen, and I didn't like it.
Here is my review of the Tunze Dispenser from the Marine Depot website:
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OK for some...but. by DAVID G.
Experience Level: Intermediate
Posted on 4/22/2008 from ATLANTA, GA UNITED STATES
Comments: I bought this as an easy way to dispense Kalkwasser in conjunction with the Tunze Osmolator topoff unit I purchased. Basically, water enters the dispenser from the bottom, and water exits into your sump/tank thru the top. After about a week I took mine out and bought a Kalkwaser stirrer instead for a lot more money.......the issue? My tank is an SPS type reef and it uses a lot of calcium..so this product was not up to the task. I believe that this would work well in an LPS, mixed (Soft/LPS), or soft coral type tank where the rate of calcifiction is less. Anyone wanna buy a slightly used kalkwasser dispenser?
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Point of the above is: do this if you are itching to try a DIY, but for practical use in an SPS heavy tank it would probably prove inadequate, and either way you will probably end up buying a Nilsen stirrer.
MRC is at the high end of stirrer price points, but is a proven brand. Two Little Fishies has a brand new kalk stirrer out that operates without a pump. The water entering causes agitation of a manual stirrer inside the kalk slurry at the bottom, and water exits the top. I don't know how well this will work since it is a new offering.
Gray Seas Aquatics has a reasonable priced KalkStirrer as well. AquaMedic as well (online about $225).