the return is where your sump pump feeds water back into the display.
The overflow box you have pictured has drains in it (don't mean to be pedantic, but proper terminology will help you here a TON). The overflow box should work like that. The major factor here is flow rate on your return pump.
Those look like 1" pipes, you should be able to flow around 600 gph down a single drain pipe.
Now....you are also worried about your return pump shutting off (power outage) and that piping siphoning your display down into the sump.
Your return pump will probably feed up and over the rim of the tank. What you need to do (and what emilio365 is referencing) is create a way to break the siphon on your return pump.
The easiest way to do this is to drill a small hole (1/8" works for me) right where your return pipe hits the top of the normal water level in your display tank.
This little hole allows water to spray out at all times when the pump is on, which is why it needs to be inside the display tank, and not able to spray out. This hole also allows air back in FIRST instead of sucking all your display water down to the sump when the return pump turns off.
BRS has an excellent video on this! They recommend check valves. I never ever use them. As a chemical engineer that deals in systems on industrial scale, they are only rarely actually worth it and usually become a maintenance headache or they just fail to work when you need them, best to plan not to rely on them at all (and save the money by not using them).