John,
Your power amp will work in two ways
1) Bridged - the two channels of the power amp working together as one channel to provide the total power into a single load. This usually means that only one of the two volume controls on the amp will work and only one speaker connection will work. For
the QSC RMX 1450 in bridged mode it can deliver 900 Watts into 8 Ohms or 1400 Watts into 4 Ohms.
2) Stereo (two channel) - the two channels of the amp function independently with separate inputs, outputs and volume control. For the QSC RMX 1450 it can deliver 450 Watts per channel into 4 Ohms in this configuration.
The Parallel setting on your QSC relates to the inputs. I assume that this would enable a single input to be fed to both channels. If you are only using a single output from your V-Amp then the amp should be set to Parallel inputs so that the signal goes to both channels of the QSC from a single input.
Considering that both your cabs are 4 Ohm there are two ways that they could be connected together to provide a single load to work with your QSC in bridged mode.
1) Series - this would result in a total impedance of 8 Ohms
2) Parallel - this would result in a total impedance of 2 Ohms
The usual way in which speaker link outputs are wired is parallel. If this is how the ones on your Peaveys are wired then they cannot be used in this way with your QSC amp because the amp is not designed to connect to a load of only 2 Ohms when in bridged mode.
You should use the amp in stereo (two channel) mode. Each channel is then connected to a 4 Ohm load. This is within the spec of the amp.
Pete.