A small mini-addendum to this (that resulted in me spilling some water onto my floor until I fine-tuned things some more): Consider every thing that holds water in your sump when setting the water level. That include the skimmer, media reactors, UV sterilizer, etc. If it has water in it while your return pump is running, that water will ultimately flow down into the sump. Typically this won't be enough to flood out over your sump (it's basically equivalent to an extra 1-2 gallons, depending on the size of your equipment), but if you have the water level in your sump set too high it can flood in a power-off situation.