"Bruce L. Bergman (munged human readable)"
It's not as huge a problem as you think.
For one, a pool should be kept near neutral.
I have a pool heater and years ago, after 2 years, the water manifold developed a leak. The first thing the pool guy was asking is "did you keep the water near neutral?". I did, but was unable to get any kind of discount on the replacement.
When putting in the replacement, I noticed the interior is coated with plastic. So, there's no water to metal contact.
I've been running heaters for more than 6 years now and I can tell you the water in contact with a heated metal unit does not create any special corrosion problems. A condenser shouldn't be any problem at all.
I'm not sure what all the controversy is.
If this guy had his AC unit near his pool pump he just did what was reasonable. The alternative would be to have a big fan roaring near the pool with hot air being blown around. That's not something you want near a pool.
Using water cooling is going to be quieter and save blower energy. I believe other posters are correct, this won't heat the pool much but it will save energy, be quiet, and not heat the air near the pool.