Wow that's pretty easy. I imagine the bucket isn't an exact fit but i'm sure it could modified rather easily.
Silly question but I assume it will still send the data to the console wirelessly.
Only reason I ask is that I see it comes with a counter.
You won't use the counter other than calibration if needed and yes it works like the Davis, as bucket tips it sends data to console wirelessly.
This bucket shouldn't be mounted same place as Davis.
Securely mount no higher than 4' above ground on some kind of platform. Part of the Davis issue is the way its mounted.