Specialized,
I can't comment to an overflow box as I haven't used one, and am also new to the hobby. I did however just build a pvc overflow using the directions in this thread (The nice computer drawing, but making the reccomended changes of making sure the bottom bend on the outside is lower than the bottom bend on the inside, and making sure that the T was about 4 inches higher than the bottom bend on the inside). I used 1.25 inch pipe and I am getting great flow. Even for a novice like me, it was easy to understand and build and cheap to boot. The back of my tank is painted black and I painted the overflow black and with a plant in front of it, it isn't noticeable in the tank. For a 150 you could go up to 1.5 or 2 inch pipe to get additional flow.