There is no such thing as "too big a sump"
I had a 55 gallon tank outside, and used a 1700 gallon pond as sump.
On its own the tank would overheat from the sun, but the large volume of the pond as a sump, kept the tank stabile.
I also tend to use 75 gal tanks inside as sumps, on any size tank, be it a 20 gallon or 150 gallon.
As far as overflow boxes, 2 is fine, and you will need 2 because if one can't handle the amount the pump pumps, your screwed (water on the floor) But with 2 boxes rated at 600 each you should be fine. Your pump pumps up and water falls by gravity to the sump, in the end it all works as a loop. And a little extra headroom is always good, just in case 1 J tube out of 4 gets plugged up.