Good choice. Saltwater people (who almost always have sumps) sometimes put them in the basement, and use external pumps. They're reliable and add a lot less heat to the water, a bigger issue with saltwater.
Suggestion: In order to avoid a pressure drop due to turbulence use 1" pipe all the way from the pump to the tank. If there are any places where you need to go around corners use 2 45 degree elbows (or one of the gradual 90 degree elbows - they can be hard to find though) instead of a standard right-angle 90 degree elbow.