first off...awesome rendering!
My .02 =
ditch the sponge and artificial media. make the first section a sand/LR bed, second as is, bubble walls between compartment 2 and three (you don't want the bubbles near the return pump)
I would have the overflow drain about 70% into the skimmer section and the rest into the sand bed.
Again, just my .02
Oh, last thing...i dont like valves directly on return pumps restricting flow. It shortens the pumps life. Change the plumbing to have a T fitting where the valve is now, one direction going up to the main tank, one going to the side with the valve, then a 90 back down to the skimmer section. This way, you can control the water pressure and not beat up the pump...water takes the flow of least resistance