I don't agree with getting the T-valve and diverting some of the flow underwater.
First of all, you'd be wasting electricity. Why pay for all that electricity that's powering a 1250gph pump when you're only going to use 950gph of it? It's like buying a 12oz cup of coffee and throwing 1/3 of it away.
Secondly, I also don't like a powerful stream of water underwater. Depending on where it jets, it might be stirring up sediment or such, which you don't want. And extra connectors decrease efficiency.
Thirdly, I have a pump that's rated for 500-1000g ponds and my pond is 800g. I don't go 2-3x. I put myself in the position of the fish. It's like I'm living in a nice pond just enjoying myself and there's this powerful flow of water trying to suck me into the pump.
I just want to eat my fish food, poop, swim around and procreate once in a while. But this giant stream of water is making me miserable all day. Humans, why you do this to me? And if you divert the extra gph underwater it's even worse, not only do you have a giant stream of water pulling you into the pump, you've got a jet of water coming at your face too.
Just imagine as a human every time you walk out the door you have a 30mph wind pulling you one way and a 20mph wind coming another direction.
Finally, if you're gonna keep the pump, might as well make use of that extra gph and maybe divert it to another filter or waterfall. It's pretty easy to make one and this way, you'll be adding filtration and aeration to the pond, which is always good.