I've been using a similar setup for quite awhile. I don't have the backup standpipe, but from what I understand. A durso can still handle more waterflow due to it's ability to create a suction of sorts....
The system is good in that there are NO bubbles injected into your sump. Although on my overflow box, it is a bit more difficult to reach the perfect balance because I don't have as much height to play with... we're talking like 1 to 2" of up and down, but once you've got it set, then it's good to go and then you just clean the overflow teeth or the J tube in my case, and you are set again.
However, on my new system I will be utilizing durso standpipes because it is possible to get a quiet setup with it, although it is not as quiet as the one described in this thread. Plus a durso standpipe can drain more water I believe due to the semi-siphon action due to restricted air input.
Please correct me if I'm wrong...
Peace,
John H.