For cost effectiveness i would use 2 55g's plumbed together with a diy overflow or a simple U tube.
And for pump size you just have to figure your total gallonage and get a pump that will turn your tank over as many times an hour as you like.
I have a 125g that has a turn over rate of 10. And it stays really clean, but if i were to do it all over again I would go with 15x turn over rate. And then i would never have to vacumm the bottom.
I also have a 75g with a 5x turn over and the bio is good but the tank needs weekly vac'z to stay moderately clean. If time permits I should be cleaning the bottom daily. Because with that low turn over there is allways something on the floor of the tank.
So IMO start at 5x and go up as far as your wallet will let you. The higher you go the less maintenance the bottom of the tank will need.,