There are three drains that I will call full siphon which is your primary, a secondary overflow which controls the level in the box with a very small flow, and an emergency drain which is normally dry (not flowing).
You want to adjust the full siphon with a gate valve so that just a trickle of water goes through the secondary overflow. The full siphon just needs to be several inches below the secondary overflow and can be at the bottom to keep the bottom of the overflow stirred up. I normally just insert a strainer into the bulkhead in case a fish gets in the overflow, but I use very shallow external overflows so access to the strainer is not a problem. Might want to add a standpipe on yours so you don't have to reach all the way into the bottom of the overflow to get the strainer. THe box will not fully drain into the sump when you shut down the return pumps that way as well. You do not need a U-bend on the full siphon as it is always underwater.
Set the secondary overflow height at a height where you want the level to run in the box. Don't make it more than an inch or so below the bottom of the weir teeth on the overflow box or it will give you a water fall noise as it flows over the weir. I like about 1/2" difference. You can either put a U-bend on top with a small (1/8") anti-siphon hole drilled in the top or just leave it open top (open ended vertical pipe). The u-bend reduces the noise but with a small trickle noise should not be an issue. Set the bottom of the U-bend about where you want the level to run if you install a U-bend. I like an open top because it just makes access easier and I can see what is happening better with the secondary overflow.
The emergency overflow is normally dry and should be about 1/2" or so above the secondary overflow, but not so high that it would cause your tank to overflow. Just make it open vertical pipe. If it is flowing, you want to hear it.
All the plumbing inside the box can just be press fit. That way you can take it apart and make adjustments if needed.