they are not parallel from the CT to each disconnect. If total calculated load is not 800 amps the conductor does not need to be 800 amp conductor.
Why do the lines need connected together at the CT? I don't think I have ever seen this done. Also in CT cabinets around here this is POCO equipment and they do whatever they want in there. NEC and electrical inspector do not matter inside that cabinet. POCO usually installs supply side conductors I install load side conductors POCO makes all connections within cabinet. If this were installed where I live I would have the 4-4/0 from CT to service disconnects, and the POCO would likely install single 350 aluminum to supply it, unless there was over 400 amps continuous load then they would likely parallel two 350's or possibly install a single 500. Not real easy to get continuous 400 or more on a single family dwelling though, and there are very few multi million dollar homes around here which could be an exception to that.