So I'm going to make a case as to why I think this is not the best idea for a marine tank. You can achieve the same thing using much safer and cheaper methods. Most people with overflows use filter socks right off of their sump intake. The reason for that is that they are very easy to change out and clean. 2 filter socks is going to be much cheaper than building that tower, and has an exceptionally small chance of failure. I can think of numerous failure points in that tower which could lead to a huge mess. These socks are going to take up much less space and provide sufficient mechanical filtration.
As for the biological component, you are not going to need the bioballs in your system. The live rock, substrate and DSB (if you choose that method) will provide ample biological filtration. This trickle filter also has a huge space premium both vertically and horizontally in the sump. You have to move the tower out of the sump to clean the bottom filters, which is a pain. If you intend to run a protein skimmer or any other in-sump device, most of the space will be consumed by this filter.
Additionally, having a non-sealed drip filter like that is going to give you salt creep all over the inside of your stand.
If it were me, I'd just go with a simple sump that you can fill as you choose.