That's how I was taking it Corey.....But then after I looked at the drawing again you can see the longer/taller stand pipe is feeding the skimmer portion. I don't think the water would reach the taller stand pipe, because the lower 1 would all but be a full siphon. If you did get water to the taller 1 it would barely be a trickle.......
I don't think putting 2 stand pipes in an overflow box would eat up anymore room if done with the right size plumbing. How big is your overflow?