I actually have a pretty identical set up. Short answer- No, you did not waste time or money. I personally use Irish Moss in the last 15 minutes of the boil and I get a great break. At flame out, before putting my chiller in, I whirlpool by stirring for about 1.5 to 2 minutes. By the time it's finished cooling, the break material and hops are in the bottom right beneath the valve. When I open the valve, it runs through a short piece of hose and into a strainer. Forget about the screened funnel, for obvious reasons. Instead, use a nylon mesh bag from your LHBS or a paint strainer bag; they are reusable and work wonderfully without clogging. Happy brewing. I hope this helps.