Thanks for the response - melonie, you sound like a fellow engineer (that is a complement..LOL). I'm wondering if losing a little flow needs to be a concern since the Magnum alone is supposed to be enought filtration for a 100 gallon tank (looks like I need to pull out the old college fluid mechanics textbook!). Also, I'm relying on the plants to help reduce filtration requirements. I may set up the UGJ to the cannisters, and do a test-run with the tank half full - just to see what happens. Since both canisters have impellers, I can always build a shelf under the stand to elevate the cannisters as high as possible, to reduce the head.
Ghoti, you are dead on. Typically, oxygenation of the water takes place via surface agitatation. Also, during this process, CO2 is equallized to atmospheric concentrations. Since I'm going to heavily plant the tank, and I'll have plenty of light, and nutrients, the limiting growth factor for the plants will be lack of CO2.
Rather than ADD CO2, I'm going to attempt to up the CO2 level by heavily stocking the tank, and hoping that the fish resperation will supply the additional CO2. If this works correctly, I should get "pearling" on the plants of their photosynthesis output - oxygen. From the reading I've been doing, a tank with healthy, pearling plants can actually become "super saturated" with oxygen.
The only concern for the fish will be overnight, when the plants actaully USE oxygen. I figured I'd give this a shot, see how the fish and plants do (I will start off with the bio-wheels that came with the Magnum 350 providing SOME surface agitation). If the fish are at the top of the tank, gasping for air, I'll add more surface agitation.
If the plants don't pearl, then I'll try adding DIY CO2 (if that doesn't work, I'll have to pony up for pressurized CO2).
What do you think? Sound feasable?