The water flow design is one of the reasons why I like the C series filters better. It pushes the water out the back, through the mechanical, then down to where the carbon would be (I replaced it with more bio) then up and out while forcing some water up the tube to supply water to the wet/dry. The Aquaclear definitely allows for some bypass. The water seems to go through the holes in the basket and even flow up and over the basket allowing for 100% unfiltered water out of the filter. The flow design is one of the Aquaclears biggest flaws. In theory it works, but the basket pushing up and flooding is a major issue. Even if it doensn't flood moving the basket allows for some major water bypass around the filter media. Not saying the aquaclear isn't an awesome HOB, it just NEEDS to be maintained to work at optimum preformance.
If I were you I would go with the AC110. Wouldn't you be packing your Aqueon (400gph) with media which would therefore make the flow less than the Aquaclear packed with media(500gph)? Wouldn't a HOB packed with media that pushes 400 gph be better than one that couldn't be packed with media to push near the 400gph rating. The Aqueon obviously really won't be pushing 400 gph because it will have some media in it right? The Aquaclear is able to fit more media and is much easier to mod/customize your media to your liking. It is more expensive though...