What type of 40 gallon are you looking at? How much room do you have underneath. Really need dimensions. I have run salt tanks for..20+ years This is the first time I have done a sump refugium, and I really kick my self for never doing it before. My new tank is a 45. In my signature is a link to that build. I got the sump on ebay. With shipping it ran about $160. If you have the space and the funds to go that route I would say its the best way to go. If you dont have the space or the money then look at a hob refuguim or a hob skimmer. Aquatraders has a nice hob refuguim. Thats the one I used for over three years never had a problem with it and did a great job in my opinion. If you just want to do Live rock in the display and a hob skimmer go with the reef octopus. You will need power heads in the tank for flow be looking at 25 to 40 times turn over..so a 40 gallon you want 800gph to 1600 gph. its better to have multiple smaller powerheads then one big one.