I think the odor and excess liquid was caused by too much food scrap for the number of larva. I stopped adding food to the bucket and within a day both problems are fixed. The situation I had was just what you would expect when you leave food waste in a warm bucket for several days. With the proper balance, food scraps should be consumed in a few hours, not days.

I'm going to construct a larger bin with exit ramps and a collection bucket. I wouldn't bother if the ESR Bio-Converter was available, but they aren't at this time. I won't post my design because I want to support ESR, and my rig will just be a crude imitation of their unit. ESR seems like a forward-looking and responsible company and I want them to succeed with their product.