Welcome to FishTankForums Pat!
Sounds like a pretty common scenario. Well I'm no "expert" so I hope my advice will help.
You should be ok with the overstocked tanks for right now. Since you have suitable accomodation for them long term they can rough it out for the short term in the established tanks. I would suggest the following while they are in there though:
- Change out 15% of the water in both tanks every 3 days to help keep the waste levels suppressed. This will help with the sudden increase in waste production, preserving your biological filtration.
- Cut back feeding to every second or third day. This will help keep waste production down further. The fish will be ok with this temporarily.
As for the new 55 and 120 the first thing to do is fill them back up with saltwater if they're still empty. Its fine that you drained it, just know that 100% water changes are rarely needed. 50% is sufficient to eliminate a lot of excess nutrients if you do them every week for a few weeks.
Your tank has to be properly cycled in order to deal with the biological strain the fish are going to place on it. A week is just not going to cut it no matter what anyone tells you. You can get by with 1 after a week, but only hardy specimens that can survive the cycle period. But keeping more should not be accomplished too quickly even after the cycle period.
If you've never been introduced to the cycle before then see the following link. All saltwater aquarists are introduced to this in the beginning.
Click Here
Cloudiness is typical in new setups during the cycle period. With such high nitrite levels in the tank I would suspect you were looking at a bacterial bloom. These are nothing to panic over really, just remove the fish while the nitrite levels are present. Add them back in slowly, one by one once the nitrites are down and the ammonia is 0.
You want to preserve the newly raised bacteria in the tank and allow them sufficient time to grow large enough populations to balance your tank. For tanks that are going to house lots of livestock it is essential to add them in one at a time and allowing the bacteria a week or more to adjust themselves to the higher bioload. If you do this for every fish then you should see a minimum of bacterial blooms.
HTH,
Aaron