Hi Wreched, thanks for your comments and welcome to the forum. I can see how this might have been a little confusing. For this growing method, let's review.
I'll talk about vegetative growth first:
You will want to go to the store and get a few sizes of regular nursery pots, from small, up to the 3.5 gallon pot. The 3.5 gal pot will be the one you flower in; it fits perfectly in side the 5 gallon bucket. Transplant up to a bigger size, when the pot starts to get root bound. This builds up a big root mass. If you start in the big pot, roots just go to the sides and bottom and then start circling. It is not really important how your irrigate your plants during vegetative growth. They only need to be watered once a day. You can hand water them, rig up a top feed system on a timer, or you can do flood and drain, like the diagram I showed. Normally, I either hand water once a day in the mornings, or I do the flood and drain system. When I hand water, I use fresh nutrient water and let the water drain to waste (I don't re-use the water again). Then seems to produce the fastest growth. The problem with F&D, is that it requires a big volume of water to fill up the flood tray. But the good part about F&D or the top feed hose system, is that you can leave your grow for a week at a time. Either way, don't make it complicated. Pretend the grow cubes are dirt. Grow your plants in it and water them generously once a day. After your seedlings get some size to them (about 8" tall) they will REALLY take off exponentially. Use a good growth formula at no more than 500ppm. For even better growth, use some kind of "mycos" or beneficial bacteria, and you will build up a healthy root mass that will literally grow inches a day. Here in this picture, you can see I'm just watering these by hand once a day. I have a little tray under the big pot and I let about 1/8" of water accumulate in the tray. I only do that when the plants are big and sucking in a lot of water per day. That is the 3.5 gal pot that fits inside the 5 gal bucket. In this picture to the left you an also see I have a plant sitting in a net pot, on a 5 gal bucket. I use the bucket to get the plant closer to the light.
Here is another picture where I've rigged up little top feed hoses from the hardware store. A water pump is turned on from a timer for 15 mins every morning.
You can do it any way you want. The goal is to saturate the rockwool grow cubes once a day.
Once your plant is in the 3.5 gal bucket and it's at least 30" in diameter, it's time to flower. Rig up your bucket with your input and output holes and test it out. Water pumps INTO the bottom, flows out the top.
About your reservoir question. Yes, you can run multiple plants from one res. However, if you are running monster 4ft x 4ft plants, you will need longer hoses, and you need to make sure the bucket drains back to the reservoir well. If it doesn't drain fast enough, your res will overflow. If you only have a 10gal res and you are using 5 gal buckets, you can use two water pumps and put them on separate timers (other wise you may not have enough water volume to fill buckets). This saves money on nutrients as well. Remember, big plants in flower will use a gallon a day. Good luck with it! I know it is a lot of information to take it at once. Even if you are a noob, if you follow these steps in this thread, there is no reason you shouldn't be able to pull off a 10oz plant. My record is 20oz using this method, with 12 oz being the norm.