Remove the valve and sponge/foam on the suction side of the return pump. This is harmful to the pump as it causes suction headloss which causes cavitation. Screw the valve on the discharge side of the pump then replace the 1/2" tubing with 3/4" to lessen headloss due to friction loss in the smaller diameter tubing due to high velocities in the 1/2".
Your drain and standpipe are huge overkill at 1.5", heck Iget about 800 GPH through a 1" Stockman standpipe and 1" overflow plumbing. I would use 1" on yours, eliminate the ball valve and if those are 90 degree elbows eliminate them and use 45 degree bends in their place to give you a smoother, more laminar and quiet flow from the display to the sump. The idea is to let the oveflow flow completely unrestricted and control the flow rate with the return pump.
Here is a very good primer on sumps and overflows and how they work.
Melevsreef.com | Acrylic Sumps & Refugiums