A reef sump has important benefits to any aquarium.By using the sump to hold extra water, the volume of water in the system is increased. Evaporation from the tank itself is mitigated by the reserve in the sump, preventing the annoying need to constantly add water to the tank and calcium or ssalt lines being constantly visible.
Additionally, larger water volume in saltwater systems makes the system more stable. The chemistry and temperature change on a day to day basis in a large volume of water is less by percentage than the same change to a smaller volume of water.
The sump is the ideal place to house equipment such as heaters, filters, skimmers, thermometers or any other equipment that detracts from the aesthetics of the tank. These Sumps have ample room for all of the supplementary aquarium devices, and the open top makes maintaining the equipment easy.
The sump is an excellent place to add new water, medicate, adjust chemical balances etc. By using the water in the sump, the effect of changes to the chemistry is less dramatic on the delicate inhabitants of the tank (having been diluted by the sump water before it is introduced into the main tank)
Sizing: The size of your sump is generally dictated by the space into which you will fit it. If you are going to invest in a sump, make is as big as your area can handle without inhibiting your ability to get equipment in and out of it without dismantling it - the bigger the better.