I just completed my first reef build back in March. I chose to go with a standard 75 rather than the reef ready for a couple reasons. One being the amount of real estate used up by the internal overflow and two being the amount of holes drilled.
I chose to go with an eshopps L overflow which comes with the necessary bit and template plumbed for bean animal. Drilling my first tank was nerve racking but quite easy. In hindsight I should have drilled for returns but what I did was plumb my return with 1" and wye into two 3/4 loclines with RFGs. Brought over the rear rim of the tank.