It is a mixing station. I would use a 1" bulkhead and 1" pipe. Here is a picture of my set up.
My RO/DI feeds into the left container. It has a float valve for the RO/DI. If I open the top valves in front of both containers... both are filled at the same time. Once filled, I will close of the right container and use it to do premix. I have a water pump in it to keep it circulated. I then have the fill valve that allows a gravity feed into the bucket. I just select what I want, premix or RO/DI.
Since these are 1" they fit also the jugs under the stand, where a 2" may be a pretty tight fit. I supply three tanks with this set up. Only one of which is easily accessible. I also have a couple of guys who come over on occasion for RO and Premix instead of a LFS.
I had plans to plumb the mixing station over to the sump in the foreground (which feeds my 180 mixed reef upstairs) and create an automated water change program as well as a topoff regimine. I decided not to go that route as I have two other tanks I need to service in the house. I have had this going for a few years now. I have not had any problems with it.