Well, here's the science to back up the product.
Background first:
Partial Pressure of a Gas in a Liquid Gases such as CO2, O2 and N2 that are in physical solution in a liquid such as plasma, continually escape from the liquid into the gas phase and may also return to the liquid. When the rate of a gas coming out of solution is equal to the rate at which it enters the solution, the system is in equilibrium for that gas and liquid. At equilibrium, the partial pressure of a gas in gas phase is equal to the partial pressure (or tension) of the gas in liquid.
This is how the solution changes color upon it's FIRST equilibration:
Dissolved CO2 in the water will "reverse" itself to enter the small air pocket in the swan-neck of the dropcheck device. As CO2 begins to revert to it's gaseous form into the air pocket, the concentration of the dissolved CO2 in the water is still higher than that in the air pocket, so the diffusion process continues.
However, as the concentration of the CO2 in the air pocket compared to the concentration of CO2 in the indicator solution (which is 0 right now) increases, the CO2 begins to dissolve in the indicator solution, thus changing it's color.
Basically, the process is dissolved CO2 -> gaseous CO2 in the air pocket -> dissolved CO2 in the indicator solution. Any changes in the concentration of the CO2 will either cause a forward or backwards equilibration reaction.
The biggest drawback to this is the delayed response of the solution to the CO2 levels. Diffusion and dissolution rates of the CO2 depends on many factors: water temperature, air pocket temperature, atmospheric pressure, water circulation around the indicator device, and last but not least, how long the indicator solution has been sitting in the bulb. Since the solution is bromothymol blue sitting in sodium hydroxide (NaOH), be real careful of it. Do not over-fill the bulb. Even though it's a real dilute solution, better safe than sorry.
The MSDS here says the indicator solution should be relatively stable.
MSDS :: Bromothymol Blue 0.04% w/v Aqueous, however, if the water temperature is in the higher range, condensation in the air pocket could drip into the indicator solution, thus changing it's concentration, and possibly it's accuracy. This isn't very likely though, because the entire apparatus will be at the same tank water temperature.