whats the purpose of this? to get every last drop of beer?
you need to think about how you will actually use this, as you wont be able to stick your arm in the top of the fermentor to position it half way thru the fermentation. it will have to be in place before you put beer into the conical. you will have to know how high the yeast cake will be before it forms. the density of the yeast is close enough to the density of the beer that you wont be able to rely on something like this "floating" on the yeast cake. and if you put it in there before racking beer into the conical, the yeast floculates downward, so it will end up settling ontop of whatever this device is.
yeast cells range in size from 1 to 50 microns, larger if they are in flocs. you will need a filter 5 microns or smaller in size to be an effective yeast filter. i think this is more work/headache than necessary. just use the normal racking arm.