It makes a lot more sense seeing your pictures.
If it were me I would consider opening one of the 3/4 bulkheads up to 1-1/4" as an emergency overflow. If you want to run your returns through the overflow box (makes sense for neatness and keeping the tank from being cluttered) I would open the second 3/4" bulkhead up to 1" and use it as a return with a Tee at the top to split it into two 3/4" return pipes. When I say "opening up the 3/4" bulkhead" I mean remove the 3/4" bulkhead, drill the bulkhead hole to accept 1.25" or 1" bulkheads, then put the new large bulkheads in with the associated plumbing. Acrylic is pretty easy to drill. When I enlarged the bulkhead holes in my 180g this is how I did it:
https://www.monsterfishkeepers.com/...bottom-planted-tank-build.714316/post-8188643 I just used a piece of scrap wood with the size of the new bulkhead hole in it as a guide to drill the bigger hole in the acrylic.
It looks like your 1-1/4" overflow pipe is constricted into a 1" pipe at the bottom. This will have a big impact on your maximum flow through that overflow pipe.
A simpler approach is to use the capped off 3/4" bulkhead as an emergency overflow and keep the other two as they are. There would be no new holes to drill.
What is your goal? If it is just extra flood protection use your current capped 3/4" bulkhead as an emergency overflow and call it good! If you want to increase the water turn over in your tank (more GPH) then I would enlarge the current bulkheads as described.
Like Egon I like bio towers (trickle filters, wet dry filters). I am implementing something similar in my 180 build: