yep. would work just fine. To do what I'm talking about, you would simply cut the line at some point after the filter, then essentially splice it with your reactor. If you look at my 40 breeder thread, you can see the reactor I made and how its set up.
I wouldn't feel comfortable just running the co2 through the filter. May have a negative impact on the impeller, as well as building up as they do like to hold air.