Swus:
Sorry I took so long getting back to you. I am up to my neck in writing software for the C84612 and just noticed your post/question today.
The Digikey part number for the magnetic reed switch I used was:
http://www.digikey.com/product-detail/en/ORD324-1015/374-1092-ND/2171069If I had to do this over, I would get a more sensitive switch. These work but they are a bit on the numb side, magnetically speaking.
The good news is, the things are really cheap ($0.60 a pop), so you can afford to buy several different kinds. Make sure the length, diameter and lead style is the same as the part number above, so you don't have clearance or soldering issues. It is a tight squeeze in the rain gauge PC board housing.
Make sure you practice good ESD techniques or you may brick the PCB with a static zap. Use a teensie soldering iron tip - this is all surface mount component stuff.
Good luck with your project!