No disrespect, but i don't think your competent to be mucking around with a switchboard of this size going by your above proposals!! You need to maintain the switchboards fault current ratings bracing, so you would know flexible and bracing is a contradiction. You also don't cut into a switchboard and start altering or cutting into bus bars unless you know exactly what your doing of..
The 1200A ACB may also have connections to protective relays, have you checked?? That ACB IS the over current protection between the transformer and the bus bars !! As Tony has already told you ACBs of this size have a wide setting arrangement in many cases down to 60% or less. I'm also guessing that you also have little idea how to set or reset the parameters of the protection curves on an ACB
There is no need to replace this breaker anyway, as it's there to protect the bus bars and possibly the transformer, not the outgoing cable/loads, they will be protected by the distribution MCCBs or switch fuses...
Let me put it another way, an electrician shouldn't be making these sorts of dicissions on a sub-station supplied main switchboard, that is the work of a qualified Engineer...
Mark my words here, get something like this wrong, and you'll know all about it, ...but fast!!