The source I used suggests 0.11 for 1000rpm fans, 0.05 for 3000rpm. So I imagine the 1200rpm ones you have in mind will be around 0.1. Close enough anyway.
Which 1200rpm fans are you getting? The CFM figure is into open air, so means little on a radiator. The noise spec on cpu fans isn't standardised, so could be recorded at 10cm or at 20m, i.e. it doesn't mean anything.
Unfortunately fan selection for a radiator depends on static pressure, where 38mm thick fans are significantly better than 25mm thick ones, and the pressure scales roughly as the square of angular speed. Thicker, faster fans are louder, and finding the right compromise between fan speed / water temp / number of radiators is (in my opinion) the hardest part of watercooling computers.
edit: Parallel does bad things for flow rate across the parallel section (and so does good things for flow rate in the series part of the loop). It's more complicated, conceptually at least, than putting everything in series. GPU's with full cover blocks lend themselves particularly well to parallel arrangement, matched radiators could benefit too.