The best approach is the drill it and add a sump. You've then got much better options for equipment like skimmers, and media reactors. Search for drilling on here and you'll find some other threads discussing it - not as bad as you'd think.
Lighting - go with LEDs. Maxspect Razors would be my top choice, but depends of your budget. Again, put that name in the search and you'll find a load of discussions on LEDs and Maxspects to have a browse through.
Powerheads - for flow in the main tank, you want between 30-50 times the tank volume. Have a look at Fishstreet.com and the Jecod powerheads.
