Hi Kevin; Welcome to Permies!
Sounds like you have caught the
RMH bug! Oh No ! Nothing you can do now, but build one!
Well you have big plans, let me give you my thoughts on them.
First , do you have a copy of the
Rocket mass heater builder guide? Readily available from Amazon. Highly recommended for first time builders.
Next I'll start easy. Yes, pellets in small amounts can be burned in a rmh. Add to many at a time and you will cut off the air supply. Dry
wood is preferred.
Now you will hear this from many people. Rmh's in basement's are problematical,they are not recommended as a first time build, if at all.
First issue is, are you living / hanging in the basement ? If not it means repeated trips up and down stairs.
Next, air flow from the basement thru the home is usually poor. Things like exhaust fans / open windows upstairs can disrupt the flow of air into the rmh.
Without heat registers not much warm air will reach the upstairs.
All that said, folks have built in their basement successfully. You could as well. I'm just trying to prepare you for some possible problems you might encounter.
Now on to the most important thing.
Getting
hot water from a rmh has the potential to explode! Water will flash to steam in a second ... expand and violently blow out of your pipes with scalding hot steam... This is known as "Boom Squish"
You don't want to be around when that happens.
There are ways to safely heat water with a
rocket stove. Could it be plumbed into your furnace? Maybe.
Would it be hot
enough to be used as your wanting ? Average standing temp of a mass is around 100 F, I don't think that's hot enough for your needs.
I hope I haven't bummed you out about this. RMH's are incredible / awesome wood burners ... everyone
should have one!
But there is a limit on what you can reasonably expect them to do.