the filter should work - i believe it is rated at 30gph. personaly i don't use
AC at all - but everybody differs on this issue. The two sponge pads will allow for bacterial colinization, and you can rinse one (in tank water that you are removing when you do a
water change) and then rinse the other the next time - and cycle them. Once you have completed the tank cycle, i would then add fish slowly (which is hard i know). AS you add fish and have them
acclimate and wait a period of time - then measure your
ammonia and nitrates - as long as you don't overstock, and with this type of filter i would definitly understock - you can keep control of these parameters. Given that you are only turning the tank water over at best once an hour, i personaly would recommend that you don't get any plecos or fish that create substantial waste versus their size. Also keep track of your flow from the output and look to make sure that it is always flowing well with a submesible filter.
Hope this helps - sorry for the long reply. As i said, of course this is how i would do it - doesn't mean it is the best of course. Also, you will get a number of responses regarding the use of AC. I would suggest you type in acitivated carbon in the FL serch bar and read the variuos threads on this subject and make an informed decision.