You have a 55USgal tank.
If later on you want to keep real plants and add CO2 then you aim at minimizing water agitation, otherwise your actual set-up, placed vertically so it creates more ripples in the water is a good way to go (it will make your
nitrogen cycle faster since you have better levels of dissolved oxygen there!). Once you have your fish in the tank, if they like currents then placing the holes horizontally might be a good idea for them to swim.
Off topic: I noticed in your tank info that you say have one UV tube in your lighting... what exactly do you mean? I honestly hope it is not UltraViolet (as in UV-C sterilizers) but a black light (for moon light). Just in case you do have UV-C lamp there please consider taking it out and never look at it when lit since your eye-vision could be severely hurt. Just in case.
Pepe
Santo Domingo