Sound like you have everything covered that need to be factored when building a sump, I have never built one but I'am about to so i've been researching everything.
On think to consider is that when the pump turns off water flows to the sump which you factoring for, but if you have an over flow on the sump for a drip system the over flow from the tank will go out this way.
The when the pump turns back on the tank will be back at it's operating level and the sump return section will be low. As long as theis low level is high enough to not run the pump dry you are ok and the drip system will fill the sump back up the overflow drain.
This you just did a small water change with a slow fill. However this means the sump needs to be able to hold enough water to not run dry after being turned back on.
Something else to consider, if the drain line from the sump was a small line only a little but of water could flow ( maybe double what your max drip rate would be) then when the sump is off the water will slowly drain out, depending on how long before the pump turns back on not all the water will have drained out yet. But to be safe i would still want enough water left incase all the over flow water drained out.
As far a wood or acrylic doesn't really matter i think. Wood with a liner would probably easier to build and make water proff.
If you can gut and glue acrylic so it doesn't leak this would probably look nicer and maybe easier to add baffles if needed. also might be easier to see water hight in the sump
Something you can also do for the hieght of your sump over flow is set it at whatever hieght you want and have it drain to a small tank and have a sump pump pump it out when it fills, I've seen that on another system here. But that would not help with the sump needing to be deep enough for a restart.