thats a really good question... I suppose in theory that would be a good idea... I think that it might be too much flow coming from one place..... I think it may end up pushing my substrate up in a pile ...
another benefit of having 3 is that you can get one of the Aquarium Systems "wavemaker" power strip ($50) that turns the PH on and off and makes random flow patterns eliminating "dead" spots...much cheaper than the computer chip controlled wave makers. if you are going to do that everyone seems to like the Aquarium Systems Maxi-Jet powerheads... I guess they are more resilient to the on and off cycling... Another consideration is just physical size. the bigger the flow rate the bigger the pump... check to see if the sizes of the big ones would be disagreeable to you.
General consensus around here also seems to be that Rio powerheads are to be avoided... they have a reputation of "burning up" and killing everything in a tank... I have never owned a Rio so I have never experienced this first hand. I have used Marineland penguin 1140 powerheads... great little units.. I liked them.. but after 10 years on my shelf I think the magnet wore out and corroded... and made noise when cycled on and off... so maybe not the best choice for a cycling wavemaker.
Another thought is that if you have 3 and one fails you dont have a complete failure of your circulation system and have more time to get a replacement.
If I were to do it again I would get 2 150W heaters rather than 1 300W heater... for the same reason as above... redundancy... but just a thought and really personal preference...
anyway, good luck puffer... BTW, I didnt even realize it was you that posted this Q until just now...
good luck and keep us posted