I also have a Blichmann fermenter that I have jacketed and hooked up to a homemade (homebrewed) glycol chilling. I have begun posting instructions and photos on how I built it on my website:
http://web.me.com/rhomsyI hope to have the instructions completed within a week. Glycol is simply more powerful than the peltier heat exchangers. I can actually bring my beer down to lagering temperatures. In fact, although I haven't and wouldn't try it for fear of damaging my conical, I could probably even begin to freeze the beer if I wanted. Plus, glycol jacketed fermenters are what the micro and macro breweries use. They must have figured it out. Also, I can hook up multiple fermenters to the same glycol system. It saves a lot of space over using fridges. Finally, it cools much faster than using peltiers. I've dropped my wort temp by 50-60 degrees in under 4 hours with this system and I'm only using a 5800 BTU a/c for my glycol system. Oh, it also holds temp very well. If it goes one degree over temp, it is quickly brought back down to my set temp under 5 minutes. A fridge unit will typically take longer.
The last great thing about a glycol jacketed fermenter is the cost. I bought the fermenter, and then built the glycol system and jacketed the fermenter for a fraction of what the upgrade would cost for a peltier heated and cooled fermenter.
Brew on!