You might want to reconsider CL's, there was a buzz about then a year ago or so, but them you have to worry about, extra holes, plumbing, leaks, hot pumps.
Tunzes, Vortechs, waveboxes are expensive upfront, but the maintenance/cost is usually less from then on.
Anyways, usually bigger holes are better for flow. the upper third is optimal, incase you have a blowout, you will not loose all the water in your tank.
As far as Overflow holes, it is just your preference on how you want to design the boxes.
HTH
Later