I might not understand your post correctly, so please correct me if so.
The point of having 2 heaters is lost if one of them is actually strong enough to cook the tank. Each is supposed to be small enough so that if it was the only heater, it couldn't possibly cook the fish. It would only be strong enough to maintain the temp at a minimum, for example 80F, even if it was set to 120... Sized correctly, it could stay on 24/7 and never go past 80F, or 85F.
Using this point of view, a single heater that could raise a tank to 100, for example, is already too large.
While it's true that having 2 heaters does in fact double the risk of having an 'exploding heater' the odds are remarkably small for a decent heater. I've kep fish off and on for 30 years and never had an exploding heater. That of course proves little due to it's small sample size, but my guess is that it's quite rare.
By the same token, over heating seems uncommon, but it would likely be much more common that exploding, so the risks are both small, but not the same.
Lasty, it'd be intersting to understand how 1 heater of xxx watts is more efficient than 2 heaters of the same total xxx watts. My understanding is that watts=heat and that is basically the only formula. I don't see how using 2 heaters versus 1 is less efficient in any meaningful way.