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I second the go for it!
Couple of quick notes:
1. I would at least treat the wood with something for water proofing given the abuse it will receive over time. I am sure you can go with something clear but I would do something.
2. Look at the glass holes overflow kits, they would be perfect...
C2C builds amazing tanks but yeah you pay every sent for them. Might want to look up DSA as they have made a few tanks on this forum and if you want to go with a coin flip look at glass cages, they have good prices but their silicon work can be sloppy and the customer support can be lacking...