Peronally, I would go with a canister and an HOB. This combo seems to provide plenty of bio and mechanical filtration. As far as canisters go, there are plenty of good options. Eheim, Fluval, Rena, as said before are all good options. I have a PennPlax Cascade 1200 on my 72g, and although some don't like it, IMO it does a good job. And if you look around online, you can get it fairly cheap. As far as HOB's, Penguins, Emperors, or AquaClears's will do the job well. I have a Penguin on my 72 with customized media(not the cartridges) and an AC on my 125 and both do a very good job. Good luck.
You said canister and HOB. What is HOB?