If we ever want to turn the basement into a third unit, flood protection will be rather important. We have inherited a check valve protection, but I am not too sure if this is the best option.
What else can we do?
Option #1
We could create a vertical separation between the waste water system for the basement and the rest of the building. In other words, the 1st and 2nd floor waste water system is gravity fed, while the basement system is pumped. Here is how it would work:

We eliminate the check valve with the sump and have the main sewer run directly to the vertical stack that service the first and second floor. All the basement waste water is plumbed into an ejector pit with a sump, which pumps all waste up to the first floor level and over into the vertical sewer stack.
If the city sewer system backs up into the house, all flood and waste water will be contained in the main sewer pipe. There is no plumbing connection that would allow the goodness to spill into the basement.
Option #2
We could keep and repair the check valve system. The check valve prevents the city system from backing up into the basement. It would be placed in an ejector pit with a sump and a sewer overflow. The waste water for the entire building is thus gravity fed…

… with one small exception, and that is if city system floods and the check valve closes. Once this happens, the pump engages and all waste water from the house is pumped out of the building.
Pros and Cons
Option #1 (see sketch above) would give us the flood protection we seek. The bathrooms and kitchens on the 1st and 2nd floor are gravity fed and would always remain operable. Not so for the basement plumbing, where use would be restricted during any power outage, which would disable the sump for the basement waste water system.
Option #2 (see sketch above) also gives us the necessary flood protection and is highly efficient as all waste water is gravity fed. A power outage in this case would only affect us during flooding, disabling the sump when the check valve is closed.
Should this ever happen, we still would be in good shape because we plan to use low-flow fixtures throughout the house. I calculated that we could store about 30 to 40 gallons of waste water in the 4 inch main sewer line, before it would spill out the basement floor drains. With 1.1 gallons-per-flush toilets, we could use the bathroom up to 25 times.
This logic of storing waste water in the sewer line will only work if I am disconnecting the downspouts from the sewer, which the city won’t allow. If I keep the existing roof downspout connected, the roof runoff would certainly flood the basement – if the power is out.
Option #1, on the other hand, would avoid this problem altogether, as all roof runoff and waste water is contained in the main sewer line and nothing can spill into the basement.
I also have to look at the energy side of things, if I would like to keep the ultimate goal of a zero energy building alive. The beauty of Option #2 is that a law of physics does the work for us. The system runs on gravity. The sump at the check valve may only have to kick in once it floods, say once or twice a year if that.
Not so with Option #1, where the sump in the ejector pit will kick in each time a plumbing fixture in the basement is used. This, over the course of a year, could result in major kilowatt usage and would not help with lowering our energy consumption.
This is quite a pickle, isn’t it? If you have a good idea or the solution, please let us know!