This systems looks good but the bin seems rather small?
I would personally stick with the traditional method.
I use two 1 cubic meter bins constructed from recycled Pallets.
I start filling one in August/September. By February/March it is full and “cooking away”
nicely. I transfer the contents of this bin to the second bin then to finish off. In September this is ready to use so I sieve it and bag it until November when I spread it on my vacant beds.
The contents of the 1st bin are transfer to the second bin after I have removed its contents and thus the cycle begins again.
There are two things I do in addition. I turn/aerate both bins on a regular basis – once a month. In addition from time to time I will add a little FYM to each or Compostmaker.
This works well for me and I get really well rotted Garden Compost when I need it and for little effort and no expense
Don.