There is not much more evaporation loss from a wet/dry sump setup then for most HOB or canister systems. Simple.....cover it.
And if properly designed, there is zero risk from flood. My 75 gallon sump is equipped with 1 1/2 swing checks and siphon breaks on both lines, run Herbie style ( 4 drains, each able to fully handle the entire tank flow alone). I have zero tolerance from flooding in my living area as well, with hardwood floors all around my tank....
Ironically, the only flood I've had in any tank was the one equipped with Emperor HOB's. I travel a lot, so when Im gone my wife changes the socks ( which takes about 2 minutes) on the sump tank and filter pads on the HOB tank. If she forgets, which she has from time to time, a clogged sock will overflow into the sump. A clogged HOB filter pad overflows out the top of the filter which, by design, is outside the tank. Thankfully my HOB's have been garage filters for quite awhile, so the minor flood we had was on the garage floor and not carpet or the wood flooring. Plus, I cant stand seeing plumbing in the viewing area and HOB's have intake tubes that cannot be moved.
I also run a 135 with nothing but canisters ( 4 Renas and a Sun Sun) and the simple solution for a potential flood in this situation is plastic storage container under each canister. I size them to hold about 4 times the volume of the canister and place my intakes at a point where the canister will run dry before a flood could ever happen. I can pull and clean my Renas in about 10 minutes each.
HOB's are functional and cost effective, but have just as much flood potential as any other filter IME.