Lot's of great info in here...

I've been using Terminators since they first came out, and leaking issues can usually be traced back to the the mouthpiece O-ring, the ceramic locking ring, or direct flooding through the ceramic. I have always trapped my NR wire under the locking ring with no leaking. I just keep the wire in the ceramic channel, and tighten the ring snugly with pliers.
Imeo (GG) designed these attys to be used primarily with the GGTS. The collector tank is there to catch any stray drops without running down the mod, and the air-control really helps in keeping the juice drawing up the ceramic channels. Personally, I wouldn't want to run the Terminator without some sort of air-control, and am happy the MKB-TS is an option.
The reference to water is good.. Master building the device using water instead of juice without leaking.

Once mastered, I can say the MKB-TS, Oddy / GGTS base, and Terminator, is a total high-performance vaping machine.

When mine is setup, and the liquid / air-control is adjusted to my liking, I just keep filling it up over and over... Speaking of filling.. I fill mine from under the mouthpiece O-ring with a syringe... all the way to where the taper begins at the very top of the cap..
