I'd use the PS/2 smoke unit and a lower voltage DC power supply. For the fan, you can simply use a couple dropping diodes from the heater voltage. The heater at 8 ohms will require from 7 to 9 VDC to product a lot of smoke, the fan will run on anything from around 3V to 5V and produce a nice air stream.
FWIW, the actual behavior of the one I have in my vise in the shot above didn't regulate down until 16 volts DC, then the current dropped a bunch but still plenty of smoke. On AC (pure sine wave), at around 12.5V the switch occurs with the regulator circuit.