Have a read over my thread on APC
http://www.aquaticplantcentral.com/f...op-filter.html
I had many of the same questions you had. I think you will find my thread useful. I must say that even with the pump I have (822gph), the flow may not be as much as I wished. My problem likely stems from the fact that I have a Y in locline leading to 2 outlets.
I use the 340 because it has both mechanical and bio filtration and I think it is sufficient for my size tank. If you go with two filters (which is proably good for a larger tank) I would recommend a seperate mechanical filter (317) first and then the biofilter (318) after. The filters are much bigger than I had pictured.
I love the bulkhead set-up and I thank Tom for inspiring me to do it! Go for it on both of your tanks! Keep in mind the iwaki pumps draw about 200 watts! Thats nearly $20 bucks a month.
Matt