If the top is 3/4", you might be OK. I think most problems emanate from a combination of the euro being thinner and small radius corners. But James can confirm this. I think trimming out the cutouts to accommodate a wider radius corner might be and even trade-off, you weaken the euro by narrowing it, but strengthen the corners...dunno...I think you would be fine to take 1/2" off each inner side to expand the corner radius. I would have to see a drawing of how it looks now vs after. Also, if you cut it all apart, how are you going to re-use the top euro and bottom panel anyways?? Oh wait...you have cut the tank down considerably in size...probably OK no matter what you do.
Generally the recommendation for a euro that is over a 72" tank is to have a 3" perimeter and a 6" crossbrace every 24", so in this case 2 crossbraces, but being over-built, one 8" one should be good I would think.
As far as the router goes, I've done 3/4" material with my Bosch router and that is 1.75 HP, I just used a Bosch bit from Lowes, 3/4" diameter 2-flute straight cutter (mortising bit, sometimes called) with 1.25" blade, worked fine. The larger the diameter of bit, the better, but you pay for it. James had some pics at one point of a 1.5" diameter bit, that looked bad--- spinning at 23K RPM... The 3/4" bosch bit I use is like $20, I have 2 of them, and they still perform like a champ, 2 years later.
I think your biggest issue is going to be sliding the sheets across your table without a masking on them, they can 'stick' to the table, which you do not want. You can buy paper masking and re-mask the sheets, this will help prevent this and also protect the sheets from scratches, which you will undoubtedly get also.
Spiral upcut bits are for flush trimming only. I would not use them for edge prep. I would recommend a 1/2" diameter one though. I have an Amana one (only one the local woodworking store carried) that cost about $150 but it has been worth every penny.