Now I had tried to connect the existing two CCs using option (1) after forming a 48v bank, but it was creating a short (probably because the CCs are connected to each other and hence we cannot join the + and -). So once the CCs are independently wired to the panels, I guess this should work?
Reason why I'm trying to hang on to these CCs is that the readings show their input from the panels at 37v (that would mean the excess volts are converted to amps, right?), and if I get the PWM CC (only type available here for 48v systems) I'm afraid I will lose quite a bit of power going into the batteries.

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