IF YOU HAVE MOST OF THE STUFF ALREADY OTEHRWISE I'D GO WITH A WET/DRY SETUP...YOU'LL PROBABLY SPEND ABOUT THE SAME AMOUNT AND ITS ONE THING TO MAINTAIN NOT SEVERAL STUFF
Actually would depend on stocking, but I'm sure you should have very effective filtration. If you clean those AC110 sponges on a weekly basis it will help lower your nitrates.