Yep, I would use two bins with the fish tank and add another tank to use as a sump tank.
The ratio thing can get confusing. The ratio is grow bed volume to fish tank volume and around here most of us push for somewhere between 1:1 or 2:1. 2:1 would be like 200 gallons of grow bed to 100 gallons of fish tank. Now you will say how do you flood 200 gallons of grow bed with only 100 gallons of fish tank and still have any water for the poor fish. The answer is to add a sump tank. Don't figure the sump tank into the ratio formula since it is only there to buffer the water level fluctuations and add stability to the system.
Anyway, back to your small system you are working on... 29 gallons is a pretty small tank so don't push the stocking too hard unless you have a lot of experience keeping fish and keeping them alive under less than perfect conditions since as Rupe says, there will be little margin for error in a small system like that and things can go bad very fast.
With a 29 gallon aquarium, I would want at least 30 gallons of grow bed and then I would probably add some sump container into the system that is at least as big as the aquarium if not bigger.
Here is an example

or if you wish more than one grow bed container.

Just to give you an idea. I have a 10 gallon aquarium with 5 little catfish fingerlings. It is hooked to 5-five gallon buckets filled with gravel and they drain into a 55 gallon drum as a sump. Sure it is overkill but all that extra water volume allows that system to stay stable in nutrients, pH and temperature. And if I want to hook the larger aquarium back up to that system, I can.