hi,
here's what i know from what i've read and my experice.
wet/dry filters are highly efficient at reducing amonia and nitrate, so much so that once established that will start producing a high amount of nitrates.
as the conversion from nitrates to nitrogen has to be in a low oxygen environment for the bacteria to colonise and use up nitrates. you would need a large amount of live rock with a slow enough flow through the rock so that the oxygen becomes depleted and allows an anerobic(not sure if' it's that what always got mixed up) enviroment to take place.
people are now doing dsb's and they can provide the anerobic enviroment to complete the nitrogen cycle, but could be a problem in the future as they are a sink for all waste, and could die off and kill tank, does take a long time 5 years +., you'll know when your dsb is dying as you will have a major algal growth.
other way is a denitrator, they are able to provide the necessary environment for the bacteria to colonise and finnish off the nitrogen cycle, can be expensive as they require food to kickstart them,such as aquamedic who use deniballs. can be quite expensive but takes 8 weeks to kick in, largest one i know is the aquamedic nitraducter, i stupidly bought one as it's overkill for my 20gallon nano and not sure what to do with it.
could use an algal scrubbing method, where you get algae to remove nitrates, aquatic eco systems do one, i've read posts from people who have one and they seem to work really well, but again are really expensive.
or could do a diy system that use's the best bits of all the different methods, i'm thinking of getting rid of my denitrator and trying out algae and mangrove plants and see how that goes,
hope this helps