I had a stainless steel heat exchanger made that I installed in a small airtight stove to heat my hot tub during the summer. It was a dismal failure! Too little of the heat was transferred to the water. Later I put a sheild around the whole stove hoping to keep more of the heat in. That did not help much. Oh, I had also painted the stove silver to try and minimize radiated heat.
It worked, but I had to feed it an awfull lot of wood, had to keep the windows of the house closed as it would fill with smoke and at the end of the day abandoned the project. Last year, I re-enabled the electric heater for the first time and fitted it with an hour meter. I was actually amazed how little power it used and did a cost study at the end of the year. It was insane for the amount of work involved to try and heat that thing with wood! Obviously, my design was flawed and inefficient. I had thought about making changes but then started to look for old wood boilers. I found many, some needing repairs, but without a doubt, I am sure they would have worked well and better then me spending any more time re-inventing the wheel. Most would have been overkill and I would still have the smoke issue to contend with.
I am now rebuilding a solar panel, because I had better luck with just rolls of black pipe lying on the ground then with the stove. What I don't like about solar, is on the hottest days, you get the most heat, but it is too hot! On those hot days, I prefer a cooler refreshing tub.