OK, First it is great that you are doing at least 3 years science. You definitely need at minimum the three you have listed, same with your math. You are luck that you already know you have an engineer. If I had to do it again, I would do your plan. Your child will need to take many years of math, 1 year chemistry, and 1+ years of physics in college. They are all very rigorous classes compared to non STEM classes.
The kids in college go into these freshman math and science classes with the AP equivalents completed. No, they don't move ahead to the next class. They are essentially taking these classes over. Even though grades are no longer on curves, the professors are making the classes and tests harder because those students do so well on them, leaving the remaining students lost.
For that reason, for 12th, I recommend doing more chemistry and/or physics. Perhaps start first half of AP for each. In otherwords, don't finish the full AP course just get a headstart to prepare for college. Since college physics requires calculus perhaps do first semester AP chemistry and second semester AP physics. Just an idea.
I have no experience with the AP exams, however, based on what the freshman college physics class is like, I do not feel that Mr. Owens honors physics will prepare for the AP physics exam.