That will work fine.
Personally, I wouldn't bother with the ESC-Motor fuses. The ESC should have its own safety built in, the only time I would use a fuse there is if I had more than one motor off one ESC, then it would be one fuse per motor.
The only ESCs that would not work would be those without a BEC, like the Action ones, which would need the red RX lead left intact to allow the control part of the board to work.
Important tip is to make really good and sure that the heavy black wires really do connect solidly to both ESCs. Strange things happen else.