Ill save you some time and money here. If you decide to drill the side of that 10 gallon tank, use a hammer to mark the spot where you want the hole.
Small tanks are maade with tempered glass and nearly impossible to drill. I drilled two, broke them both, and then replaced the end panel with 1/4" acrylic which drills handsomely. I used silicone to attach the end panel.
MPLS Man has the right Idea though. Whereas a rubbermaide container is just as effective and mych cheaper, the enjoyment you get from watching the critters that will populate you refugium, baby fish, corals etc, will far outweigh the additional time and expense of making a "see thru" 'fuge.