I'm not sure I understand the last part but at the very least you wouldn't want to use the water to cool the area where the chiller resides. Heat can't be destroyed it can only be moved and it can't be moved with 100% efficiency. So, I think the heat the chiller produces when chilling the water you are using to cool the room where the chiller resides will be greater than the cooling effect of the water. Hydro Innovations definitely recommends that the chiller be in another place from the area to be cooled. It's kind of like running an air conditioner to cool your air conditioner.That's what i was thinking as far as the ballast btu/heat subject.....didnt sound correct...but as far as the hybrid system we're talking about, maybe his way is the best...
[using the 1 icebox to "cool" + re-ciculate air, not vented, (best if using CO2) and use another icebox with it's own fan attached outside the tent to act as an A/C for surrounding room which all can be ran off the same chiller, lines, manifold,pump ect......that way you can cool everything in your tent/room and cool everything else outside the tent/room...ie; ballast, ambient temp of room, chiller, if it is in the same room]
Having the chiller, ballast, etc. outside of a lighted area which is sealed means that the ambient temps of the outside will rise but not impact the temps much inside the lighted area. Running a chiller and ballast won't create much more heat than running a big screen tv and high wattage home entertainment system. I have a media closet off of my living room which houses computers and amplifiers that I ended up having to duct A/C into to manage the ambient temp but the house A/C had no problem dealing with it. The equipment in there produces way more heat than a 1/2 HP aquarium chiller and an electronic ballast create.
Here's a chiller than Ive been using to think about a 1000W + CO2 using a hybrid air/water heat management system.
http://www.nationalgardenwholesale.com/ngw/gardening_supplies.aspx?request=HORT_ECPLUS_CHILLER_HALF&title=Pumps / Irrigation&type=product
It's 540W and 5400 BTU of cooling. The Hydro Innovations water cooled MicroGen CO2 system only runs 1250 BTU. The 1000W light produces 3500 BTU so I'm pretty much safe with some to spare. Using Insulated Ducting and the Heat Shield on the light with a fan to use attic air, which tops out about 90 during the lights on period and gets pretty cool in the wee hours of the night (when I'm heating the house I'd run air from the house through the lights and back into the house) should reduce the BTUs from the light substantially. This would mean my chiller would run less often working to keep the temp of the reservoir low.
It's still a sealed room, right? I know the air cooling path is going to leak a little but with a sealed reflector and aluminum tape it shouldn't be much more than the walls/doorway.