Guys and gals, thought I'd write my first post as a thank you for all the ideas here. I've got a room in the house that does pretty stable at 69F all day all year, but I've been wanting to really hit that temperature control for lower temp brews like Kolsch, etc. Using these posts I made my own lagerator, and so far it works like a charm.
The setup is a 1.7cu ft dorm fridge with a 5 gallon water bag inside set at around 36F. The rest is essentially the same: in the bag I've got a 60 GPH pond pump along with return line coming from the keg buckets. I stacked 2 of the buckets and filled the gap between them with big gap foam insulation (took 2 cans, mostly from the big space at the bottom). The return drain comes out the side (just a snug fit in a drilled hole along with some silicone), and is attached on the inside at the required water level (yeah, duct tape). The line from the pump squirts into the bucket above the water level. The pump is hooked to a Ranco controller and the probe is in a ziplok bag taped to the inside of the bucket halfway up the water level.
This is the first run, so I don't have a lot of data yet. I filled the bag in the fridge as full as it would go (probably 4+ gallons) and had it as cold as it would go overnight. The next day I put about 2 gallons of water in the bucket and added a couple dozen ice cubes to get the temperature down in the bucket to about 50. I brewed a half batch of Kolsch and put the fermenter in there, and voila the 2 water levels matched. I taped the return tube in the bucket at that water level, and set the Ranco at 62. It rose to 64 fairly quickly, the Ranco flipped on, cold water in, return water drained, and came back down in a minute or so. Even in an 80 degree garage, after settling the wort temp down, the temp holds for about 45 mins before triggering the pump. The styrofoam liner around the gap between buckets probably helps, pretty cool air in there.
No idea if it can hold a temp for lagers, but given it's apparent efficiency, if the water in the fridge is cold enough and the beer temp stabilizes, no reason it can't. We'll see.
So thanks again everyone for your input, now I can make non-estery beers!
Pete