Here is what I see your filter is rated for:
Aquaclear 70
typical sizes
20 (formerly mini)- up to 10 gal
30 (formerly 150)- 10 gal
50 (formerly 200)- 10-30 gal
70 (formerly 300)- 30-55 gal
110 (formerly 500)- 55-100 gal
Now remember
two things.
First, Filters are generally over-rated so really this current filter is good for closer to the 30 gallon tank, not really the 55,
Second, with keeping Oscars, you really almost need twice the recommended filtration and flow rates for your aquarium. With community type tanks, you should aim for about 4-5 times water turn over but with Oscars, you need 5-6 times bare minimum and 7-8 times is better yet.
So, I definitely feel you will need to add supplemental filtration to your 55 to help out that Aquaclear 70.
Good choices would be a big cannister filter or a hang on back (H.O.B.) Bio Wheel type filter such as the
Marineland Emporer 400 which I happen to like although H.O.B.s tend to be a tad noisy compared to Canister filter. Right now you can get a great deal on a
Marineland C series cannister filter at
www.petmountain.com
The complete Marineland hood I have is available to fit a 55 too and the model number is simply
600 for a 55. That should cost you about $299 to buy but it is complete with lighting, full hood and excellent large bio wheels with 600 GPH flow. The 600 hood
is quiet, similar to a cannister filter and easy to work on the tank too with this hood on.