Ok, I have finally taken a few more pics to show where ~I've got to so far.
This is what the current setup looks like with the splash cover removed.

A close up of the gearbox/ generator....yes I know I need a bit more oil on the chain

I still can't help feeling I am losing perhaps half my power at low water just driving the 23:1 gearbox with oil in it. If it fails, I will redesign it with a system of 1/2" chains I think, to lower friction.

A close up of the sluice. Because the taper starts halfway, it doesn't run as smooth as I would like. I may try to do as someone suggested and make an insert that's parallel to keep a more lamina flow

I have lifted the whole wheel up 2" to give easier clearance of water from underneath in times of heavy runoff.
At this low water level its only giving ~25watts, barely enought to make the meter go back

For the 3-4 days after a decent downpour I get perhaps 1-2 units a day. So far therefore I reckon its saved 50 units since november- which equates to about £12 given that its on the garage supply and the first few units are 24p ea to cover the standing charge
So outlay cost ~£1000....payback time at £6/month = 14years

... assuming the kit will last that long.
As Dick Strawbridge says.... It' s not easy being green....
And finally a 15sec video of it in operation.
http://www.pfmrs.plus.com/waterwheel/wheel09.mov