I have a simple one involving no drilling. 3/4 pvc with a strainer in the tank, goes up to a U outside the tank where its attached to flexible tubing to the Mag9 that sits on the floor. Back up flex tube to the sea-swirl.
You just have to fill the loop with water before you start it the first time- I held a small powerhead against the outlet of the seaswirl and that did it.
I have a couple of Mags running externally- on the Marine Depot site it says you shouldn't but I don't know why. All other places I've see say they can be either. Mine seems fine.
The Quiet One pump worked fine for me as my chillers pump. But I have heard stories from others about them breaking. How many GPH do you want from this closed loop?
I just ordered a Mak-4 for a closed loop on a 125g. I pondered using a stream pump for a while but decided on the pump and sea swirls. No one complains about the SS but the stream pumps get mixed reviews. I just need to poke a couple of holes in it for the suction lines. Cheaper sea swirls wouldn't hurt either.
Most of the closed loops I see have 1 or 2 holes somewhere in the middle of the back of the tank feeding the suction side of the pump. Then discharge up and over to sprayers or sea swirls. The water never goes through the sump.