You have the water pump on 24/7, pumping the water up the tubing, and then waterfalling back down when its 2 or three inches above water.
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That said, this would probably result in a drop in DO. Such a small drop would provide little, if any aeration. The water pump would heat the res restricting it's ability to hold O2.
DWC prefers water temps around 68ºF. Few people like to live in a 68º home. While warm water DWC doesn't have to be a death warrant, it can lead to failure and should be avoided.