I don't see how the diagram drawn would create a surge. It looks like it would siphon continuously a mixture of water and air. The Carlson device is pretty much the same except, as mentioned, with a small hole an inch or so above the bottom of the pipe. It doesn't break the siphon, though. Air is sucked in through that hole along with all the water until the water level drains to the bottom of the pipe. At that point, so much air is being drawn in that the siphon breaks. The bucket then fills up again, until the height of the water forces all the air out of the pipe and the siphon starts. It won't overflow as long as you have a large enough pipe and the outlet is not too deep in the display tank. Some people cut the bottom of the inlet pipe at an angle, use more than one hole, etc, etc. There is a lot of tinkering to get it to work right, but once you do it continues to work flawlessly. The bucket should be covered to reduce algae growth and clogging inside the container. A ton more info can be found by Dr. Carlson himself if you search on the net for "carlson surge device" or "DIY surge maker".
The Borneman device is just a toilet flush valve to achieve the same effect. Since it has moving parts, sometimes they get stuck. I check them every day on my tank, and they get stuck about once a week or so. It's not the end of the world b/c water is still flowing, just not in a surging pattern. They are much quieter b/c air isn't sucked into the pipe to cause that slurping sound. Another advantage is that a ton of tiny little bubbles aren't produced. HTH, Matt