It's completely pointless, as the cannister is ideally designed to remove water from the tank, thus not needing an overflow. If you used a cannister, or looked at one working this would be obvious.
HOWEVER your problem comes as you are relying on one pump to get you into the sump, and one to get you out, and this is inevitably not going to work, unless you put the return pump on to a water level detector to turn off when it runs to low, and the cannister on another (in case it goes too high in the sump.)
All in all a bad plan. The easy alternative I have used is water to cannister, cannister to refugium/paludrium, gravity flow back to aquarium from paludrium as the refugium/paldrium is above the tank.