Johnny---
I did try what you are talking about, pulling the fume air flow down through a 4" PVC pipe. I used a shop vac, and one of those plastic garbage cans.
At about 1.5 ft deep, the garbage can just collapsed in on itself, and no air was pulled. So I drilled a bunch of 1/4" holes in the PVC, to around a foot high from the bottom of the PVC, making it only about 1/2 foot deep into the water at the top holes. It bubbled, but still collapsed the can, and the air flow was very weak.
I inlarged the holes to 1/2 inch, and got a little more air flow, but the can still ran in a collapsed condition.
It would take a very powerful blower to suck enough air flow through an appreciable depth of water. However, I was using mine on a fume hood. For just a closed circuit reaction vessel one might be able to get it to work using a steel drum.