Don't tell anyone but I ride a 50/34 with an 11-26 on the rear (SRAM). Last year I had the same as you with 50/34 and 12/27. I have ridden a number of sportives where these gears are very useful without having to use a triple. I very very rarely require a larger gear. I would describe my riding style as a 'twiddler' rather than 'power house'. I have been using these gears for racing at Palace (big ring all the way) and a few other road races around and about without any probs.
The only disadvantage I have is sometimes the spacing between gears is a bit too big when really on the power, but as andrew says a closer ratio rear block would solve this. Although I have not bothered as I seem to be attracted to rides with steep hills in them.
My view is that you should be fine.