You are MUCH better off drilling a 1.5 inch bulkhead in the center of the back wall to feed your closed loop.
First, you will be limited in the amount you can draw from a built in overflow. Its not a true closed loop because the water has to enter the overflow before it can enter your closed loop so you are restricted to the amount of water that can enter.
Second, you will be giving up a lot of flow available to your sump. Redundancy is key and I assure you that when that turbo snail finds its way into your overflow, you will wish you had the other one functioning as all the water from your sump overflows the top of your tank from your return pump.
Third, as mentioned earlier. The overflows are smaller because there are two of them. If you stop using one for its intended purpose then thats just more skimming ability you are giving up because stuff on that end of the tank will have a much harder time getting to the functioning overflow on the other end.
I promise that you will be soooooooo much happier if you go ahead and drill for the closed loop.