I've never heard of that pump, but I would stay away from stainless steel as calcium bonds to it, throwing it of balance and eventually seizing. The description is vague, but it looks like a drive similar to that of Grundfos which have always been problematic in saltwater applications.
I would go with a Laguna (Askoll) 1500 Max-Flow.
http://www.pondpals.com/pond_pumps/powerjet-pumps.html
It's a little too powerful for your needs, but you can tee it off to run a UV, media reactors, calcium reactor etc.
They are quiet, readily available, reliable, reef-safe, low heat transfer, minimal vibration, 13.5' head pressure, energy efficient (100 watts), and they don't spin backwards on start-up like older generation submersibles.
ATB of Austria sells the same pump with an upgraded base plate and a 3/4" reducer union bonded to the effluent port for another $75.
http://www.atbskimmers.com/products/inventory.php?category=Circulation Pumps Take a look at the 3600 & 4200 ATB Flowmaster pumps for the closed loop. They have a CNC machined custom volute on a Laguna/Askoll motor. A little pricey, but solid, quiet and reliable.