Using multiple pumps is pretty common in the hydraulic power industry in order to achieve higher overall system efficiency.
I use a lot of diesel-powered hydraulic power units with multiple stacks of positive displacement pumps. The system that you're talking about is a mix of centrifugal and positive displacement, but the theory is the same. At low pressures and high flow rates, I have four pumps running at a total of about 300 gpm at 500 psi. At higher loads, one of the pumps kicks out at about 1000 psi so that all the power from the engine is put into the remaining three pumps. Flow rate is decreased, of course, but this is intuitive -- the system is requiring higher demand because of the higher load, so the system is moving slower. As pressure (and load) becomes greater and greater, additional pumps kick out until only one is left at full 3,000 psi and only 50 gpm. The system is designed so that the pressure-flow curve is matched to the power curve of the engine.*
So, what you're talking about is a tried-and-true means of of matching power to the system and I'd say that you might have an opportunity to save some money.
-T
*As an aside: My power curve could be matched much more closely through the use of variable-displacement pumps, obviously, but since this is mobile equipment that is subject to a ridiculous level of contamination, we don't use VD pumps, since they're much more sensitive to that than gear pumps.
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