I use an ebay bin-indicator wired to an industrial panel-mount flashing light/beeper. I've had a rotating flasher, then this and neither have been perfect. The light can be hard to see unless it is in your field of vision. The beeper isn't really loud enough with the cyclone and planer running while wearing hearing protection. That said, I may not see/hear them right away, but eventually I do and it still saves me from an overflow. I've got an industrial strobe someone gave me because it needs a new bulb but haven't gotten around to ordering one yet. Maybe today is the day.
A bell like a loud phone ringer would be an ideal solution based on the fact I can hear my new loud phone ringers even running the router, DC, and wearing hearing protection.
I briefly had a relay to shut down the DC on a full condition. With my level indicator, that happens at "pretty full" but there's still room to finish running a board through whatever tool its in. Even a minor overfull situation is much preferable to losing DC with 1' of an 8' board into the planer to me.
If you remember. If you forget, going from full drum to packed cyclone and filter doesn't take long at all. You can fill a drum unbelievably quick just planing material for a single project. Cleanup is time consuming, messy, and the overflow is potentially damaging to the filter. Manufacturers are finally realizing that a less expensive, less industrial solution for this problem is a hot seller.