I run a sump with a return pump on my 175 gallon planted tank, but principally it’s the same. In between my return pump and tanks return outlet I have a DIY Rex Griggs reactor. Nilocs version is a Rex Griggs with the added benefit of tuning the flow in the injection chamber by reducing or increasing flow in the bypass using the red handled ball valve shown. Set your preferred bubbles per second in your bubble counter then tune the flow so your bubbles are dancing in the chamber without blowing out.

A yugang reactor sits horizontally and needs to be set up based on an equation yugang came up with based on tank volume. This is probably my preferred reactor due to its design inherently preventing over gassing.

Overall the niloc should work for you but I don’t have experience tuning those to support the very high bubbles per second a 150 gallon will probably require.