When combining 2 x 500mw 638nm and 2 x 300mw 638nm you will get somewhere around the 1.3/1.4w 638nm (approximate), it depends on what kind of collimator optics your using and if your going to use correction optics which i think you will.
But what about blue?
If you want to have a RGB projector your going to need some blue also.
When having 1w 532 (green), 1.3/1.4w 638nm (red) and 1w 445/450 (blue) the colors will be off balance for white, you need a little more blue and a little less red to get a "balanced white", check some other topics to see where you lay your priority, more power or a better balance in colors.
It also depends where your going to use this projector for, as i see the powers it think it will be a show projector for beams and maybe some graphics, because a quality graphic projector needs nice an tight beams and doesn't need these powers.
They also need faster scanners which have smaller mirrors, and because you use high power multimode diodes the beam will be wider and so the beam won't fit the scanner mirrors anymore which results in allot of power losts.
But to point you in the direction for your red:
I know Dave has a set
complete set for the mitsubishi 638nm wavelength:
- Collimator lens F2
- Diode mount
- a pair of cylindrical lenses with mounts
Give him a PM.