It works really well, but be conscious of blowing potentially moist air into the bio in humid conditions. I had a coalescing water trap on mine but it never collected any water.
I started building a desiccant dryer ... perspex tube full of silica gel with rolled up plastering scrim at each end to keep it in place. The tube was probably too smaller diameter as the inlet pipe kept blowing off. Then I considered the PITA factor of removing and drying the silica gel frequently and never really progressed the idea any further. In theory it should work. I might have some photos somewhere if you're interested.
My bubbler in the processor is just one silencer. I use a similar, single silencer but in an unknown plastic and a very small aquarium pump to do the final drying of my bio.