Ah--I think with modern Herbie-style drains that leverage two drains in your overflow (one is used to create a silent syphon down to your sump, the other is placed a little higher than your main return and is used as an emergency overflow, unrestricted, down to your sump, should your main drain get clogged) you'll want to run two lines down to your sump, and one line back up as the return. If both of your overflow drains are the same height and you can't change it to create a Herbie, then yes, you should just "Y" them down to the sump in one pipe, and use one pipe for the return. Regardless, you only need one return line back to your tank, unless you have two return pumps for redundancy, in which case, you should use two return pipes back to your tank to persevere the integrity of the redundancy you've created. (Y-ing a return in this case would just shoot the water from your operating pump into your disabled pump ... the redundant connection would never make it all the way back up to your display--it would take the path of least resistance--the disabled pump back into your sump.)