I'm curious why you would want to spend more than necessary? Two 7700 combos is a good bit more expensive than a MM, 540 XL motor and UBEC. Not to mention, they have far less torque than you'll need to push the Maxx adequately.
That's possible, but I still think it's a bad idea....even moreso on 3S. That's a couple of things that Castle says not to do...don't put a MM combo in a 10th scale monster and don't run 3S on a 7700.
I don't think that you'll be able to gear the 7700s to run without thermalling the esc. I ran a 7700 on 3S in a T4 and wound up having to go with the largest spur I could get, with the smallest pinion I could use and get a decent gear mesh, and had to go with the smallest tires that I could find; all just so that it would stop thermalling. Perhaps you have more gearing options with the emaxx.