Nope, should be good.
No overkill at all, but I don't know your sump design. If you have some baffles - you may get away with rimless, but without some baffles - asking for problems. FWIW, I simply would not build it without some other structure added, either baffles or a perimeter flange.
You will need a perimeter flange, period. Whether you should have a center brace depends on your tolerance for bracing and wallet. Using 1/2" with 3" perimeter flange, you will need a center brace. With 1/2" and ~5" perimeter flange, you can do it without the center brace. Or if you wanted to use 3/4" for the vertical panels, you can use a 3" perimeter flange without a center brace.
3/8" is out of the equation IMO if this is to be a reef tank. Most complaints about acrylic are related to scratching. 3/8" will bow more than you want and you'll be scraping coralline with a flat scraper. Think flat scraper against concave surface and you can see how many, if not most scratches are incurred.
May be a chunk of change, but for what you're getting - cheap..
I've never seen a "thickness calculator" that wasn't the suck.
Prices seem reasonable enough.
Personally, I'd use 1/2" for the lot and use a center brace on the main tank. You're be spending $720 or so at most, and have a display tank, sump, and frag tank out of it with some extra material to practice on.. not bad. The center brace really does add a lot of structure. If you just can't live with the center brace, use 3/4" for the vertical panels of the display tank and 1/2" for the remainder. In this case, you'd be spending $1000 for the lot.. still cheap
To give you an idea about bowing; my last display tank in my office was 60x24x24" using all 1" Polycast, 3" perimeter flange and it still bowed almost 1/8" on each long panel. Not bad, but pushing my tolerances..
HTH,
James