Hi Carl,
DIY projects are fun. I love DIY projects. I made my own filters as well.
the settlement section works better when is in circular so the water circulate to create a vortex like. debris/solid gradually settle down to the bottom as gravitation force pull it down. maybe you can put 4 small pieces of japanese mats at four corners to made the rectangular shape into somewhat circular or maybe just try it in rectangular shape and see how it performs. if you can get a large Polyurethane barrel drums (50 to 60 gals ones) and use it as a settlement tank. Put some cement on the bottom to create the looks I have in the drawing.
I used the rotozip and cut the holes for the bulkheads to connect the pipes. try to cut the holes as close to the bulkhead size. the bulkhead fittings should provide the water tight without addition sealing but if you can't get the bulkhead fittings and want to use some other plumbing to connect the pipes to the filter, you can use the GE II silicone for sealant. it's water tight. trust me on this. I used it and it works great so far.
have fun and keep us posted on your progress,
Steve