[reefnoob1991]

Welcome to Reefbuilders!
Question Numero Uno:
The wet/dry filter with bioballs can become a nitrate factory (aka what you don't want!)
There's a site called Melev's Reef (Melevsreef.com) that explains building your own sump and the advantages of one!

Question Numero Dos:
The 110W VHO system will be able to house soft corals and some LPS, but no SPS or anemones, they require metal halide lighting.

hope that answered your questions feel free to ask plenty more!