Okay, I recently have had some direct experience with this. I bought a used 215 Oceanic last week. The previous owner had two mag drives plumbed ecternally: a mag 12 and a mag 24. He plumbed them externally "to reduce heat" but the problem is that they are internally cooled.
The mag 24 was way too loud for my living room. We had to turn the TV volume up about 25% in order to hear dialogue clearly. My wife threatened me with bodily harm if I didn't fix it quickly.
Also, the mag 24 and mag 12 together REALLY heated the tank up a lot. With NO lights running and no heater my tank temp was pretty steady at 80.5 F in a 72 F room (and that's on a 270 gallon water volume mind you.)
I bought an E-heim 1262 for my return pump and moved the return inside the sump. I also moved the mag 12 into the sump pre-chamber in order to get the water directly from the over-flows.
The results were huge. My tank temperature dropped 6 full degrees down to 74 in less than a day. The noise decrease is HUGE as well. The loudest thing in my tank is the water fall effect from the over-flows.
The mag 12 is pretty OK noise-wise now that it is internal but it is still at least twice as lound as the e-heim (I actually had to visually check to see if the E-heim worked when I plugged it in.)
Anyway, I would absolutely go with internal plumbing on the mag drives (especially if you opened one up and saw that there is only 1 flimsy little seal holding all of your water in the tank - not that the E-heim is much better in that regard

They worked great at moving water though and are pretty reasonably priced.