Haha...thing is I dunno! I already bailed on homebrewing once back in 2000 or so...and that was when I actually drank beer. I can't remember the last time I had a beer (scotch on the other hand...). Of course, if I had homebrew around I'd def be drinking more beer.
I'm gonna try the buckets...I guess 1/8" holes it is. I'm sure you guys are thinking; "He'll come around soon enough." and you're probably right. But at least I'll be able to say I learned from personal experience and that's worth a lot to me.
Do what suits your needs best, there's no "right" answer. If you are looking to keep it SUPER simple and still make great beer you don't even need the buckets, you could just mash in a grain bag.
https://www.homebrewtalk.com/f39/easy-partial-mash-brewing-pics-75231/
I've done this method with two large (and very cheap) stock pots and did it all grain, you could do it with buckets too. I got 70% first time through with it.