Nate, it's hard to post links to McMaster items since they use frames in the browsing window. Anyway, yes, I meant Part #7877K25.
The float switches on McMaster are expensive, but they are also of really high quality. There are a few that would work in the 10 - 14$ range (e.g., 50195K93 on page 466 or 46515K41 on page 467 - choose if you want horizonal or vertical). Like you, however, I thought that was more than I wanted to spend on 5 float switches. You can find some cheaper ones
here. I was bothered by the stainless steel e-clip, so I replaced it with plastic ones I found a Lowe's for 0.02$ each (Lowe's has an excellent hardware section - much better than Home Depot, IMO... but it also seems that each store is slightly different - I mention this because it was hard to find the plastic clips and I stumbled upon them on accident). In the end, I don't think the stainless steel clip is anything to worry about, anyway. Buying switches from this dude, you'll save 4$ each over "comprable" ones at McMaster.
Your wiring plan sounds just fine. Remember, if you reverse the float on the switches I posted in the link, they go from closed contact when un-floated to closed contact when floated - not sure how they will come to you. This is useful when you want to mount the switch in a certain orientation but discriminate between water or no-water. I'm not sure if that is clear, but it will become obvious when you try to set up the switches.
Also, note that the McMaster solenoid valve requires 0.52A to actuate the valve (you are trying to do lots of work with only 12VDC). Thus, be sure to buy or use a 12VDC wall adapter that can supply at least that much power - perhaps more to account for resistive loses. I mention this because there are many 12VDC "wall warts" that are 300 mA - that won't move the valve. Furthermore, many are 500 mA and that will barely be enough once resistive loses are taken into account.
Here to help if I can...