I run that system, not the monster one, and it works great. I haven't had any problems with the floats yet, but that note sure made me gasp a bit!! I suggest taking the time to buy a pond liner that goes at least a 4 inches up onto the wall and is damned in just in case of a flood...I have that, and the peace of mind is well worth it...55 gallons of water on the floor leaking into wood, carpet, and whatever would suck.
A little tip I learned putting it together.....get a little container of vasoline, and put some on each grommet around the outside where it meets the bucket, to seal it up good. Then, as you insert each plastic piece into the grommet, put some on that, and then on the ends before putting on the plastic hose. It will help to prevent leaks and keeps you sane while trying to force on pieces that are too tight. Kinda like lubin' up the ol' lady LOL!
Good luck....there are lots of threads about this growing system on here if you search.