Bill, I just shot a video of how mine works. It's brief, and may create more questions than answers, but here it is, none-the-less:
http://www.melevsreef.com/video/ca_reactor.wmv
I have the bubble rate at 3 bubbles per second in the bubble counter on the regulator. The water in the bubble counter should be RO water, not tank water btw.
The effluent is running at a steady rate into my effluent holder, and pours out the front into the sump. It's running a tad faster at the moment, but twisting the white knob on the tubing (going into the effluent holder) can slow that down easily. The pH probe turns the CO2 on and off. At the point I shot this video (20 minutes ago), the pH in the reactor was 6.8 I have the controller drop it to 6.5.
You can run your reactor now, without CO2. That won't do any harm.
Some people have soaked the media in a vat of RO water for a week before using it to release any trapped phosphate. ARM advertises right on the jug that it contains no phosphate. I didn't soak mine.
Since you aren't using a pH controller, you're going to have a little more work dialing it in to what you need. Just remember that whatever adjustments you make, you need to wait 24 hours then test the water to see what the results are. And adjust again to make corrections. 24 hours later, test the water again. And so on. This can take 14 days to get set up perfectly for some people.
Using a pH controller, it was truly plug and play, and I never think about it.