Sorry, I wasn't thinking straight. My idea would never work because you aren't dealing with a siphon, you are dealing with what you said, the weight of the water simply pushing down. Since it doesn't sound like you have put that center bulkhead in yet, don't.
If you are willing to drill your tank, a built in overflow is far simpler than a HOB overflow. They are quieter and more efficient, and don't carry any risk of failure.
I assumed you had already drilled your tank in the center. If you have not, then do what Tom said, locate your drains at the top, because you absolutely need to skim your surface. If you don't, you need to put a powerhead or something up there to break up the surface of the water because crud in the water will accumumulate at the surface in an icky skin that will inhibit gas exchange.
If you want to really do this cheap, you can drill the bottom of your tank and run an internal standpipe up from your bulkhead to the level of your water. The water in the tank will drain out until it reaches the top edge of the standpipe, and you'll have a poor man's overflow, although there could be a risk of a fish getting caught in it, so you'll want to use a strainer or something.
And yes, you can have a nozzle on your inflow bulkheads. Look for a product called "Loc Line" that most online equipment retailers carry. If you use a bulkhead that is threaded on the tank side, you can get the right fittings to screw the Loc Line directly into it.
Your diagram shows that your INFLOWS (returns, from the pump, not TO) are in the middle. This could work with a check valve, but check valves aren't reliable. Instead, your inflows should either be "U" tubes that are ready made or loc-line as mentioned above, but the nozzles will definitely extend several inches below the water line, so unless you have a really big sump to handle a bunch of excess water, you'll need siphon breaks.