is this too much

For a 48" by 18" wide i'd go with the mini's and 250w and you'll be fine. Maybe a little wasted light on the sides unless you keep them closer to the surface.
 
I have this configuration on my 75 gallon and I love it! Just make sure you leave enough room for easy access above the tank!
 
I think the standard Luminarcs are too wide for a 75g. You can use them, but 4+ inches of the reflector are going to have to hang out passed the back and the canopy is going to have to be at least 12 inches tall imo (for the reflectors to be 4 inches over the water). You might want to check out the minis as Luke mentioned.
 
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