So much to unpack here, where to start?.... I agree that the skimmer is in the wrong place, if you're able to lower the water level in the return section and allow the bubble trap baffle create a permanent water level in the skimmer section you'll be ok. The only concern I have is, will the water level in the return section be high enough that it won't suck air and push it into the display tank.
Another concern is using the return pumps to sub feed all the other stuff in the sump, which means any time you adjust the ball valves (more on that later) you will be changing the amount of water being sent to the display, which will cause all kinds of gurgling from the overflows that are draining back into the sump. I would recommend dedicating one of the 2 return pumps for return, and the other for feeding the reactors and fuge. either that of use the 2 return pumps solely for return and add a dedicated pump for the reactors and fuge.
Ball valves are great for starting and stopping flow, but isn't ideal for regulating flow, although many people use them in that manner, and is fine for broad adjustments, but fine tuning is virtually impossible. I say that, so that you can think on it and consider swapping some ball valves for gate valves.
Lastly is regulating flow through the drain. You're going to want to restrict the flow into the sump so that you can find the sweet spot in order to silence the drain. But the way you have both drains T'ing together becomes a problem because if something gets stuck in the drain line at the gate valve your going to over flow the tank.
Although the weir design on that particular tank will make it hard to stop the gurgling, I would recommend removing the T and allow both drains drop independently. I would recommend reading up on 2 different styles of drain systems, "Herbie" and "Bean Animal" designs. that way you can educate yourself and maybe get some ideas for the best way to tackle that.
A lot to consider, but it's better to address things now and not after you destroy your carpet/hardwood floor etc.