I got my ebay version of the ADA Drop Checker today,
eBay: Type1 Co2 Drop Checker-monitoring proper dosage of CO2 (item 250036844403 end time Oct-14-06 06:06:32 PDT), and it's in the tank now. I like it! Here's how it works as a CO2 indicator:
First, take some distilled water, mix in a bit of baking soda, measure the KH, and adjust slowly until you get KH of 4 degrees, as close as you can get it. I used 4 times the normal water sample, so each drop of my AP test kit would equal 1/4 degree of KH. I think I got it to within +/-.1 degree of being exactly 4. Now, this water has no other substance that affects alkalinity and no substance that affects acidity in it, so it is "perfect" water for the KH/pH tables to give the CO2 ppm.
I had previously tested my AP pH kit to see if the number of drops of reagent was critical for measureing pH, and found that it isn't at all critical, just as I would expect. This means you can add more reagent to get a more intense color.
If you check the ph/KH charts, or better yet, the calculator, for KH of 4 degrees,
Measuring CO2 levels in a Planted Tank, you see that the pH target to have 30 ppm of CO2 is 6.6. And, an error of .1 in pH gives a range of 25-40 ppm of CO2, which is a reasonable range, since you can actually see the difference between pH of 6.5 and 6.7, so you can easily reduce that error range if you wish, with a good careful look at the color.
Now look at the color chart for the AP or any similar test kit, you see that the color corresponding to a pH of 6.5 to 6.7 is green - slightly yellowish for 6.5 and slightly bluish for 6.7. So, it is easy to judge the color as being green, not blue green and not yellow green.
So, water with KH=4.0 will definitely be green at the pH that gives the correct ppm of CO2 for our tanks. And, if the color is yellowish, the pH will be low enough that the ppm will be much too high - about 70-80 ppm. Likewise, if the color is blueish, the ppm will be much too low - about 10 ppm.
So, if we put this KH = 4 water in the bulb of the "Drop Checker" with enough indicator solution to get a strong color, which took about 7 drops for me, we have not a pH indicator, but a good CO2 indicator.
That's what I did. Getting the water and indicator into the bulb is difficult, because the throat of the "Drop Checker" is small and the air trapped in the bulb will easily stop water from flowing into the bulb. I had to use a syringe with a bent needle to squirt the water into the bulb, the use it again to remove a bit when I had too much in there. I had blue water in the bulb.
I stuck it to the tank wall, about 3 inches below the water line, where I could see the bulb easily, and watched it. After one hour, the color was slightly greenish blue. In another 15 minutes it was blue green. Then I had to go do some political activism and when I got back it was 3.5 hours after I stuck it in the tank. Oops, it was yellow, very yellow! About 3/4 of the fish were at the surface, so I shut off the CO2, and adjusted the needle valve to slightly reduce the bubble rate for tomorrow.
My conclusion is that this works very well to monitor CO2 level in the tank, with a time constant of around 2 to 3 hours - the time to reach approximately the final reading. This is fine for my use. I will keep watching this, and adjusting my CO2 bubble rate accordingly, and will report back in a few days.