Just plumb it up and run it, if it has the fittings. The only reasons it couldn't be inline and not submerged are if it leaks or it overheats. Overheating is unlikely, it still would have a lot of water running through it, so maybe it would leak? As far as the impeller or any possible extra wear goes the impeller wouldn't have a clue if it's submerged or not as long as there's water at the intake and water at the outlet. Only way to find out is to try it.