I would not cut it. I highly doubt it would be balanced afterwards. Unless you don't mind the possibility that you may have to scrap it...
Can you fit the mod on a MJ-400?? Did it come with 2 props or just one?
How do you know you have "too much flow"?
yeah you only have like 600 gph there. if you want to slow the flow around the tank just place a rock in front of the powerhead.
The MJ-1200 is 295GPH and the MJ-600 is 160GPH.
So if the 1200 makes 1600GPH, the 600 should make around 868GPH
Does this sound plausible?