old woodstove modifaction

Welcome Im new to this enviromental living thing and lovn it so far. Im going to build an addition on my house with timber off my land and hay bails and cob.I have an old wood stove that I was wondering that if i wer to put the insulated stove pipe on top going into the 55 gal drum then build the rest of it like a regular RMH would it work?
If not is their some way I can take advantage of reburning the wood gasses that are lost with a regular chimney. Any and all suggestions are welcome.

ok the wood stove is n da basment it is homemade half inch steal 36 deep 24 wide 18 high and has cynder block built up around it to the celling with a great big cast iorn grate n the living room floor above it. I have a couple differnt size blower motors I was thinkn about incorp in to the stove.
If I was to put a grate n the bottom of the stove to keep the wood off the bottom then add an air pipe going from the suck side of the blower to under the grate, then pipe the blow side back into the top of the stove would this work like a wood gasifaction system and reburn the wast gasses out of the wood. I was also thinking of adding a barrel on top like the double barrel wood stoves then out of it to the chimney and also filling around the stove and barrel with sand to keep the temps up inside the box as well as store some of the heat after the fire goes out. by the way it is a very large 1 story house.

The Aprovecho Research Center had some barrel diagrams on top of wood stoves for heat exchangers :

Check page 19 through 23 -->

http://bioenergylists.org/stovesdoc/apro/Heat/Heating%20Stoves%20LO-RES.pdf

In the Aprovecho publication it talks a lot about how to get the heat into the room.  They claim that it is surprisingly difficult to get heat from a flue gas into a thermal mass  (read there rocket mass bench experiment).  I think that the best wood stove modification would be a "air to air" heat exchanger like the barrel outfits mentioned earlier.  This is similar to what a "magic heat" blower that fits onto a chimney pipe does. 

Just some thoughts

Best of luck

Josh