I am thinking it will depend on the model 1u chassis you are working with.Is it as simple as swapping out the PDUs and buying two new slimmer PSs?
Late last year I removed one PSU from each of my servers. I just assumed that using one PSU they would consume less power. Nice to see that my assumption was correct.@J-- does your colo have A+B feeds? Adding a redundant PSU also means that you have a power distribution board. PDB's are a higher failure rate item. They also lower power efficiency.
Single or Redundant PSUs - Impact on Power Consumption