Have done this a few times
If you put full siphon and secondary drain in one overflow. And return with emergency drain in the other overflow, the limiting factor will be the weir on the 2 drain side maybe not being able to handle the gph. Might have to modify weir.
If you put full siphon in one overflow, and secondary in the other overflow, the weir shouldn’t be an issue, but adjusting the valve to get steady / even going down the secondary is much more finicky.
With that said it’s totally doable, and would probably go with first option
Another option is to drill a smaller hole for 3/4 bulkhead in one or both overflows for return. Which will give you dual herbie, with redundancy