The CFM question is tricky. It's not just how much air the dust collector can move, but at which static pressure ("suction").
This chart from 2014 shows a comparison between machines. The longer the pipe and the more turns you have between the machine to the collector, the bigger the motor and impeller need to be.
For a shop your size, with the equipment listed, I'd go with a 3HP machine such as
this one from Grizzly. You can also look for something
more compact but there is a trade-off of course in performance.
These machines will perform far better than the typical 1.5HP single stage collectors. I previously had the Harbor Freight model, with Wynn canister filter and trashcan separator. It worked OK, but only when attached directly to the machine, using fixed pipe and blast gates caused too much of a drop in static pressure to catch the finer dust. No such problems with my current cyclone system.
Provided you remember to actually connect the hose to the saw. And remember to turn it on. And open the blast gate
I use PVC pipe, and plastic hose from the blast gate to the machine. I've not had any issues with static electricity. There has been quite a bit of discussion on static buildup, metal vs PVC, etc. The bottom line is that there are zero reports of someone having blown up their shop because they didn't ground the pipes. You would need massive amounts of fine dust as well as massive air movement to generate those conditions. Think industrial equipment and fine bread flour.