LOL, there are as many opinions as there are aquarists!
Any filter can become a nitrate factory if not properly maintained. Wet/dry filters have fallen out of favor in reef circles due to the tendency for the bio balls to collect detritus and then decay in the biomedia itself, thus creating ammonia directly in the biomedia, which is subsequently converted to nitrite and nitrate. This can occur in a canister filter if the mechanical filtration media is not cleaned or replaced regularlyand leaches into the biomedia, and can occur in HOBs if the mechanical filtration media is not changed regularly or if the bio pad becomes infiltrated with detritus and is not rinsed. Efficiency/effectiveness really comes down to maintaining the filters correctly.
I much prefer HOBs, mainly due to the ease of maintenance. I run Emperor or Penguin HOB filters on almost all my tanks and have absolutely no issues. I do have three canister filters on my 225 gallon tank now. In the past I always ran it with HOBs, and never had any issues. But IMO the canisters haven't turned out to be what I expected. My water quality isn't any better or worse than it was with HOBs, and the canisters are a bit more work to maintain. I'm seriously thinking of moving the tank a coupla inches further from the wall the next time it's empty just so I can get Emperor 400s on it and can do away with the canisters, even if it does cost me a small party for the guys it'll take to help me move it. I can check and swap out filter media in any ten of my HOBs in the same time it takes me to breakdown one canister filter and change out the mechanical filtration, and I don't hafta shut down the HOBs to do it.
So yeah, my opinion and experience is different. Personally, I recommend an Emperor 400 on yer 55. That's what I run on my 55 gallon mbuna tanks with 15 fish + or - in 'em, and I have no issues whatsoever.
WYite