I don't know your brand of quick disconnects, but I checked the specs on the 1" Parker QD I used to connect a backhoe to my JD 455D crawler/loader, with a 23gpm pump. They are rated for 50 gpm, and show a pressure drop of 15 psi at 50 gpm and 2 1/2 psi at 15 gpm.
The pump inlet pressure that causes cavitation varies according to the pump type and make. However, the accepted safe level for most gear pumps is 3 psi gauge vacuum at the pump inlet. That is the pressure setting on the bypass valve on my suction strainer and on the warning gauge.
If you have 15" of head in the reservoir (relative to the pump inlet), that adds about 1/2psi positive pressure. That mitered elbow going into the pump adds a bit of loss, but I haven't looked it up.
Seems to me that, at least once the fluid is warm and you operate the pump at about 2/3 normal 540 pto rpm, your net pressure drop (ignoring the short suction line and elbow) is probably 2 psi. Even at 540 rpm the net drop is probably no more than 4 psi, so you are probably okay, but without any margin for increase. If you have a strainer on the suction line, it should be cleaned regularly to avoid any pressure drop across it.
That is a neat looking splitter. Did you just wash it or does it really stay that clean? My hydraulic stuff is always covered with fluid and dust. Two lines burst on the backhoe Saturday and managed to cover me (and the machine) with fluid before I could get the thing stopped.
I particularly like the channels that hold the wedge. Do they ever get clogged with chips at the fixed end?