Your calculations are correct. Just remember that the return pump will have some loss (maybe 50%) due to head pressure. The manufacturer should offer a chart to help you know the actual flow.
There are 2 issues to consider. Flow that pushes sand around, which is a problem. And over time the sand will settle and can take more flow without getting kicked up and blown around. Second is motion in the water at the water surface. Your tank will do most of it's gas exchange (CO2 out and oxygen into the water)at the water surface. Any motion there improves that gas exchange a lot. The water/air surface exchange is far more important that the oxygen that goes into the system due to the bubbles in the skimmer. Some reefers think the skimmer is enough, but it's not. There are different processes at work at the water surface than with bubbles in the skimmer.
Therefore, I'd try to get the return from the sump to make some water movement at the surface and have the wavemaker pump work the middle. Low enough so you get some flow at the sand, but not enough to push it around. You can see that the water surface in my tank is moving and not flat.