I work at
Woodmaster where we make exactly what you're talking about.
I have one myself that I just recently (last weekend) finished installing.
You can check out the reconstruction here as I stripped it all down to do a pressure check on the water jacket to check for any possible leaks.
If you have any questions, please feel free to ask as I've been involved in one way or another in every aspect of the construction of these stoves from a flat piece of metal all the way out to what you see here:
What you see there is a round tube firebox surrounded by a larger round tube water jacket. The firebox on that one is three feet in diameter and four feet long, while the water jacket is four feet in diameter and five feet long for a capacity of 112 gallons. There are two sets of one inch ball valves on the back leading to pipes that force circulation of the water in the jacket. There are also four heat tubes that go through the top of the firebox to transfer as much heat from the fire as possible to the water, along with the selectable heat baffle. There's a forced air fan on the front of the door which has a solenoid controlled flapper on it to close the firebox off completely of air. A temperature probe and snap disk mounted on the back of the water jacket allow the little computer controller to switch the fan on and off as needed (it can also be done without the computer, I have the parts to do it that way).
The biggest selling point the company has for these stoves is the REDUCTION to most peoples' homeowner's insurance as it takes ALL high heat sources out of the house. The hottest interior component you'll get is if you let the boiler go to 212 degrees F and boil all your water to steam, in which case the water in your house piping would only get to about 210 degrees with an EXTREMELY well insulated piping system, as the pumps will cavitate and fail if they come across steam. So with one of these you are actually better off house-safety-wise than with any other form of internal heat source.
As I say, if you've got any questions, I'll either be able to answer them myself or be able to ask the R&D folks at work on Monday to get answers to anything I don't know.
With looking at what you linked to, I'd get a 55 gallon drum as a water jacket and a 30 gallon drum as a firebox. Weld the 30 gallon inside and create a tunnel throat to connect the doorway into the firebox. Then weld a piece of 6" pipe for a chimney at the back through both. Then insulate it with 6" unbacked fiberglass insulation. Then weld in three pipe fittings on the back for water access (inlet, outlet, and drain). Then all you need is a filler pipe welded in the top that doubles as a pressure vent to run the whole system at atmospheric pressure. No sand required.