Yep, I'm using this. I used it on my 120g for 10 years without incidence. My new tank was set up with a Durso, but I've since used a valve on my downpipe to restrict the flow and control the water level in my overflow (the Durso siphon is still installed .... just not working as a Durso anymore since the air intake is fully closed now). It's much quieter with very little bubbles going into the sump.
I was very concerned about using a standard strainer on my drain. My fear is it will get clogged very easily and increase the likelihood of flooding. My solution was to build my own strainer with a PVC pipe with lots and lots of ~1/4 to 3/8" holes. With this size strainer, I don't worry about big objects getting clogged in the bulkhead area (or anywhere that is slightly restricted) and I don't worry about small debris collecting over time and clogging the strainer itself. Since the tank isn't built yet, drill that second hole in the overflow to allow for the emergency drain. you should have absolutely nothing to worry about if you have this emergency drain. Keep in mind, on my old 120g, I only twice had my overflow clog on: once because a tang (yes, tang!) jumped into my overflow and got caught in the drain suction and the other time when a small snail decided to slide down the chute. I was not using a strainer at the time. With my new strainer, I don't foresee having these problems again. I just need to make sure the strainer doesn't clog up over time.