@Michael: The tubing is 3/8" OD. I’ll be using custom software running on a PC, and using PCI-DIO-96 data acquisition cards from National Instruments.
@Jon: I’m experimenting with circuits using the TDA0161 chip. The chip is a proximity detector chip used mainly for control systems, but with a bit of extra hardware and some coils, they apparently become a pretty good metal detector. Adding a rare-earth magnets to ‘tickle’ the detection loop gives it a great range. Price per block is going to be about $2.