The suggested sump configuration is: Skimmer/
LR rubble (if at all) -> Fuge -> Return.
Check out this site for some ideas:
http://www.melevsreef.com/allmysumps.html
The Mag18 should be ok, assuming your overflow can handle it.
You don't nessecerily need live sand to start (and don't buy "live sand in a bag" - its not very live). Your sand can be seeded from your
LR. Your
LR amount looks just fine.
With
LR by its self, you won't be limited in fish. But, if you keep inverts (hermits, crabs, snails - recommended to help keep your system clean and running smoothly
btw), you may need to avoid triggers and some puffers, and other invertabrate eating fish.
Instant Ocean is a popular salt. Easily found, although has a somewhat low calcium reading (not a major concern unless you do lots of corals).
You generaly never need additives in a
FOWLR system. Weekly or twice monthly water changes are the best way to keep the system balanced.
Test kits
When you're cycling your tank, you want at minimum:
Ammonia (needs to be salt water capable), Nitrite, Nitrate, pH (high range, 7.8->8.6 or that area). You also need a salinity meter. If you can afford it, a refractometer is a good buy, much more accurate than the swing arm hydrometers. MarineDepot has one on sale for about $50.
When running a tank, you should have:
pH, Nitrate, Alkalinity
If you're keeping corals, add:
Calcium, Magnesium, Phosphate
I recommend Salifert, very accurate and easy to use. The Aquarium Phram variety are also decent, and get a good bang for the buck. The Red Sea ones tend to be very inconsistent in my expierience.
You're on the right track!

I'd see if you can add a couple of powerheads (Maxijet 1200, or even Seio's) to keep the flow up in the main tank.
A reef tank is a
FOWLR with corals generaly. You need to watch more water parameters, and provide tons of light. 8)
__________________
55g reef, 2x250W 10k
MH + 2x96W
PC actninc, 10g sump, AquaC Urchin skimmer, 65lbs
LR
xenia, mushrooms, wels. open brain, fungia radiata (orange), green eyed zoos
flame angel, mated pair of false perc, 6-line, firefish
20gH electric yellow cichlid