I am going to use my Oceans Motions instead of the SCWD. Will look something like this:
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You can but you'll have to completely empty the 55G out to do it. Glass dust would not be good for the inhabitants, plus where you currently have it there is no way you could drill it. You might want to consider something like Melv did for now.
What kind of budget do you have for this pump? Out of all the pumps I've had eat impellers, Mags are second only to Maxijets. Mag Drives were orignially pond pumps, where noise isn't a concern, so they're also noisier.
My favorite closed loopers are Sequence Reeflo pumps. The Dart is very economical for moving tons of water. It pulls 160watts/1.4amps to move 3600GPH.
The Mag Drive 36 pulls 360 watts and is louder than you'll ever want to hear a pump. I know because I used one for a few years to mix 265gallon batches of saltwater.