As an engineer, the goal is to transfer the weight of the tank into the floor. That being the case, there are a bunch of different ways to do this successfully.
If you have a Kreg kit (I own 2), there is nothing to say you can't use pocket screws to hold the pieces together. It eliminates the need for the screw strip inside the corners. However, I would recommend placing the top frame of the stand on top of the legs so that the weight of the tank goes straight down. You don't want screws carrying weight in shear.
The absolute strongest stand is made from four pieces of plywood screwed along their edges to make a box. Any openings are made by cutting squares out of the middle which leaves a continuous perimeter around that side of the stand. Because they start as solid pieces, they can't wrack. Aside from that, its just a matter of proper techniques and good lumber.