I'm hard pressed to find and apples to apples comparison with a hang on the back power filter and a good canister filter.
I started out years ago with the BIG marineland bio wheel deluxe filter, before I really understood bio filtration, the absolute necessity for controlled water current and the need for flexibility in filter media. IT worked great.
My Rena Fillstar 3 canister works even better. Canisters go out of sight, are infinitely adjustable for current and water movement. DO NOT stress fish. Plus will accommodate bio-media for colonization in the canister.
Aeration is another misunderstood concept. An air stone, bubble wall, etc. DOES NOT aerate the water,

it is the agitation of the water surface that allows for more efficient exchange of gases including O2. Flow bars on a canister filter can be adjusted to give you that agitation.
Good advice from Aaron on the power head, I could not get along without one.
Jay