Actually you can use Weak Auras (
http://www.wowace.com/addons/weakauras/). crate an aura to check for certain debuffs and then crate a message to a specific channel when this event happens.
Little more complicated and not just install and
go. Also of memory usage is a concern for you, then this mod might not be one you would want. Unless a mod is poorly written and has memory leaks you shouldn't really be affected other than initial load time (logging in your character).
Mods scanning for debuffs on the entire raid (like a Power Aura checking for ANY magic, poison etc. non-specific spell will also use up more CPU than the average addon.)