Sure thing.
With that sized sump (( I have a 30 on my 75 )), you may run into microbubble issues if you are running high flow through it. Plus, with that much turn over you won't get the most out of your skimmer and fuge (( if you are using one )).
With the overflow you are using, the 1262 should be fine, and if you run into issues you can throttle it back with the ball valve. (( I would put one on anyways, --- a true union one --- it make taking the pump off line to clean a heck of a lot easier.
I can't recall all the physics behind it, but a throttle pump will actually run more efficiently if it is throttle back. I haven't noticed mine (( Velocity T2 )) running any hotter, and that pump is 7+ years old, so it doesn't seem to shorten the life at all.