hi ashley
yes, be sure to ask ALL the questions you can. chances are, one of us ha run into it at some point or another.
i second the vote on iwasaki.
is this gonna be a reef or a FO? personally i don't like trickle filters for a reef. it may be in your best interest not to use one if your going reef - or even FO with LR.
a very general rule of thumb is the 10x's turnover per hour. for a 120g, this can become a fair amount of water. i'm assuming your gonna go with one pump. therefore, you'll need to calculate head pressure taking into account the 90's your gonna have. recently, i set up a 180g with 2 returns on 1 pump. it workeed out to be 4' of hieght from the floor, with 1 'T' connector and 2 90's. i'm betting yours will be the same. each 90 counts as 2' of head pressure, and the 'T' can count as another 90. so, the pump we were looking for delivered 1800gph at a head pressure of 10'. don't be fooled, this is a serious pump. but the owner of the tank couldn't be happier with his choice.
i hope this answers a question or 2. be sure to ask more if your still in doubt.
henry