yeah, if the power went out the suction would backflow-filling the sump. The sump would keep filling deepending on how far below the waterline your return and feedline was. After the suction from those two lines were broken, all would be well and good- assuming your sump didn't overflow. When the power comes back ON, however, the feedline would not be returning water to the sump. The sump-pump would pump all the water from your sump to your tank (maybe overflowing the tank) but DEFINATELY running dry and then burning out the pump itself.
If your tank isn't drilled (like mine) use an overflow box with a U-tube long enough to prevent suction from being broken. I can turn the power off without letting air in the Utube, so when I turn the power back on the prefilter box (inside the tank) fills with water and thus, water returns to the sump. The draw back to this is: you have a prefilterbox taking up space inside your tank. Outside of getting a drilled tank, I feel this is the safest way to go. It only takes about 5minutes of no power to screw things up otherwise.
Let me know if you need some diagrams of my set up. I realize my little shpeal was probably unclear. Goodluck
~d