You could do that, but in consideration of how your choice of heatsinks is designed, you want two things to happen: you want the airpressure at the heatsink fins to be at maximum, and you want to force all the air through those fins. So the 92mm duct idea has a purpose. That includes both the adapter and the duct. The adapter has aerodynamic properties that minimize the resistance to the fan of forcing air through a smaller hole; the duct keeps the pressure constant and forces the air through the heatpipe fins.
The heatsink and pipes will perform better if you can make the fan's throughput feed exclusively through the cooler before going anywhere else.
As to the Enermax, this is the same design and manufacturer as for the 120mm fan with the same features. I said in other posts that I went through two of them, discovered something funny about the fan monitoring capability, and that if the fan was rated at 2,600 rpms, I couldn't get it to go faster than 2,200 to 2,250 on either of three different computers with PSUs in the 480W to 500W range. Nothing wrong with the test-beds -- all other fans worked according to spec. The 120mm job drew 0.30 amps @ 12V. I've had Sunons which were just as quiet, ran at that amperage, and seemed to meet their specs.
You take your chances. But maybe you'll like the 92mm Enermax. I just think there are better choices.