I use both. The 1.5" return from my pump is connected to a manifold behind the tank near the top which splits the return into 8 separate 0.75" lines, each of which are connected to pvc returns spaced along the back of the tank.
I drilled a hole in each of 8 returns at the waterline, and a second hole about 1" below the waterline. I can't see how air would be draw into these to cause the bubbles (like a venturi) since water always seems to be coming out of these holes. Perhaps your source for the bubbles is someplace else?
In addition to the above, I added a 1/4" checkvalve to the top of the manifold. This serves as a backup should any of the drilled holes become clogged. It is also positioned at the highest point of the return system. I disagree that this checkvalve is bound to fail, or will become clogged. Unlike typical applications for using checkvalves, there is NO water actually running through the check valve. Thus, it should not get clogged with algae, saltcreep, etc. Nevertheless, that is why I also have the drilled holes.
PLEASE NOTE that this set-up has only been running for a short time, so I cannot vouch for its long term success. However, it does seem to work very well. When I shut down my pump (Dolphin 4500), and even though there is quite a bit of water in all of the return lines, the syphon is broken almost immedaitely and the water level in the sump only raises an 1" or so.