The Nuuo is an old, discontinued model, which was a good value, PSU. The recommendations list in PSU101 is now very outdated, and while mine is more recent, I really need to update it again.
The Enermax 485W was unquestionably a very good unit for its time, but that was several years ago. While it's efficiency is reasonable, and it will still perform well, I don't really think it's worth $80. It's efficiency will be in the high 70% range, which while reasonably good, is still considerably below a modern high-efficiency unit.
As for 120mm vs 80mm, it really depends on what you mean by efficiency. Moving the same airflow through the unit from back to front with an 80mm fan will be more effective at cooling the unit than moving it upwards with a 120mm fan, but the 120mm fan can move more air than the 80mm can with similar fan speeds and noise output. Bottom mounted 120mm fans can potentially cause 'hotspots' in the unit where the airflow can not reach, but for well designed PSUs, particularly lower wattage models, this is really a non-issue - they are designed with this in mind, and I mention it only because of the specific nature of your question.
This is an extreme generalisation, but a lot of server grade units use 80mm fans to be able to cope with the rugged conditions they are exposed to, while a lot of consumer grade units use 120/140mm fans for quieter operation. The type/quality of the fans and overall design of the unit is every bit as important as the fan configuration, though. Dual fans are likely to be louder than a single fan configuration at this wattage.
Honestly, I wouldn't base my choice of PSUs on fan configuration unless you have a compelling reason to do so (e.g. won't fit in your case). When you're specifically looking for dual fans like this you're drastically reducing your choice of PSUs. If you're going for this fan configuration, though, the Enermax is probably about the best on offer in this wattage range at newegg. This is another good deal at a lower price:
http://www.newegg.com/Product/Product.aspx?Item=N82E16817182030