Hear are my thoughts (such as they are) on the benefits/drawbacks of fast vs. slow flow rate.
In a closed loop system it makes sense to me that the flow rate be high. All of the surface area of the coil would have a greater temperature difference, thus faster cooling. (if you where to put water in liquid nitrogen it would freeze a heck of a lot faster than putting in a freezer). Because its closed loop the pump would use very little electricity to circulate the water, and you would have no waste water.
However in an open loop system, where water conservation and minimizing pump run time, are important I think a slow flow rate makes sense. The cooling wouldn't happen as quickly because as the temp of the cooling water goes up it would have less cooling power. But you would get maximum utilization of the water, and minimize pump run time. So a larger coil would probably be required to get the same rate of cooling as you would get with a higher flow rate.
Then again....I might be completely wrong.
Cuby 2K - The inlet and outlet are 1" and the plate material is .0197 inch thick. I really don't understand how the thing would work. Maybe the plates are like fins on a car radiator? The surface area is 1.36 FT2 (whatever that is) I would post the PDF file but don't know how. I guess I don't know much.
Bill - Thank you for chiming in. Hearing from someone that is actually doing what I want to do (on a MUCH bigger system no less) is very refreshing and encouraging. Please tell us more! How often does your 500 gallon tank fill? Do you ever have to dump the water or does your RO/DI keep up with it?
Alfinus - Thanks for the info on ss. I will look into that more.