Yes that would work, but then you have another problem. By having the return near the top of the sump, this means you water must level in the sump must also be at the top right (unless I'm misunderstanding what you're saying)? If that's the case, then you won't have enough room in the sump to catch the excess water that will drain down when the pump is turned off. Because regardless of how you set up an overflow/sump, you will ALWAYS drain a few gallons of water down to the sump after the pump is turned off. You'd be cutting it very close by having a return at the top.