Sounds good, but there is a potential failure point with the pump's intake below the bonded filter pad bio-filter. As the filter pads accumulate particulates, attaching to the pad's bio-film, then this could reduce water flow through pads thus reduce water flow to the pump's intake and significantly increasing suction pressure on the pump causing cavitation. This potential failure point could also be removed by ensuring there is a gap along the sidewalls to allow enough water to pass the pads or simply sitting the pads vertically in the container ensuring there is a gap between the pads.
This is why I suggested a container for just the pump's intake. Also, by watching the water level in this container, you can easily determine when/if your pads need a quick rinse due to them getting clogged.
If not using a submersible pump, this container can easily be a 4 inch pvc pipe. Simply have your pad container connect, at the bottom of this pad container, to the vertical piece of 4 inch pvc pipe. Then, have your pump's intake attached to the bottom or side of this 4 inche pvc pipe. Be sure the 4 inch pipe is tall enough to be above the pond water level so that it does not overflow. During normal operations, the water level in the pipe will be the same as in the pad bio-filter. As the pad bio-filter gets clogged, the water level in the 4 inch pvc pipe will slowly go down.
If you wish... I can do some drawings to demonstrate what I am talking about... Give a yell how it works out for ya.