For clarification; (hey... there's a pun there!) I intend to run the wort through a Hop Rocket stuffed with hops or some kind of filter media, depending on desired flavor/aroma needs, and it will be located after the pump and before the plate chiller. This should act as a nice trap for the hop sludge and break material.
From talking with a few folks about it, the consensus is that the Hop Rocket will/should trap most if not all the hop material and cold break during circulation resulting in clear wort in the kettle by the time it reaches the desired pitching temp.
I've also just learned about another advantage to recirculating while chilling; it drops the whole batch down fast as opposed to dropping only that portion of the wort flowing through the chiller and off to the fermenter. The remaining wort that's in the kettle at near-boiling temps could, in some styles, (pils comes to mind) be subject to unwanted DMS. SMM will continue to convert to DMS at near-boiling temperatures (it's not being boiled off anymore) so bringing the whole batch down quickly is important for this reason.
There are plenty of folks who will argue running through a plate chiller directly to the fermenter is as quick if not quicker than recirculating thus the total time the wort sits at near-boiling temps would be pretty close to that of a recirculating system. I can't dispute this as I have not tried either method yet, but until I am comfortable with all of this new plumbing, I'm going to remove the one variable I'm least sure of; nailing the output temp from the chiller to the fermenter the first time - sounds like quite a trick - probably not gonna happen the first time or two.
I reckon I'll just recirculate for the first few batches to see how well it works, and get some data on my chiller set-up, and I'll consider running directly to the fermenter once I've worked out all the logistical bugs. Thanks for all the replies - always appreciated.