I was going to use both, but the CL, wavebox and a single sea swirl are MORE then enough for my 300g.
I also was not to keen on the idea of drilling a bunch of holes in my tank for a CL, so I went with over the side piping. I am now running a dart with 6 flow accelerators and it is a rediculous amount of flow. I was thinking of swapping the dart for a baraccuda, but now that its running...no need.
I dont care who you are, you cant beat that amount of flow for only 160 watts.
Closed loops and power heads are about even all things considered...untill you add flow accelerators / eductors to the mix. Then its no contest.