Waterfalls oxygenate better than stones, fish keepers and reefers will tell you. They also churn the surface to reduce scum formation, a key feature air bubbles don't do well.
I'm eliminating the entire air system from the list of stuff needed for a good grow, which reduces cost and complexity. The real reason Current Culture UC systems need them is because SOMETHING has to create splash above the waterline in the buckets! Otherwise the plants get no water at all until they touch the waterline. Waterfalls solve that problem. They distribute water better and more evenly as well, leafing to less difference in waterlines between tubs.
You're not adding any of the heat from an AIR COMPRESSOR into the water; you're using the same circulation pump- maybe one size larger- as you used to circulate water around the system before, only now it does the added job of oxygenation.
The pump doesn't add much heat to the water because water is basically incompressible. Therefore, pumping it doesn't heat it like happens with a gas.
Voila! Simpler. Cheaper. Cooler. QUIETER! Better.