When you unplug the pump the water will drain to the level of the over-flow. This should be no problem as long as you always make sure there's enough room in the sump to handle the extra water. I'd probably fill the 55 half way, so that gives you 27 1/2 gallons you could drain. I seriously doubt you'll have that much water though.
On the other hand, you need to make sure your return line is not too far into the tank. When the pump stops, a siphon is created in the line, drawing tank water into the sump. Make sure your return line is about the same level as the overflow.
If there is a blockage in the overflow, the pump will still continue to pump water into the tank. With your water level at the proper height, you're talking about 25 gallons or so of water on the floor. This is the biggest concern of mine. I'm not sure how to address aside from inspecting your sump and overflow regularly.