With the other mosfets ,when one bank goes all the other ones crater to because they have to take more load. I want to add a circuit to protect each driver bank just in case one fails during a high load situation. I thought about fuses but I'm not sure if they would work fast enough.
1) Such situation could be only in Constant Power mode, if you have one. If we speak about only Constant Current mode then others don't get more current.
2) When Mosfet dies it with 90% possibility will die close but not open, so any electronic protection won't help. That means you need a fuse (the simplest way) and it will be OK in 99% situations as for me. Only if you want go another way you can consider some electronic key, but the truth is that first dies power mosfet - then current rises - and after that will you protection work. It means that we can go back to way with a only protective fuse. So you should consider if you really have a need for sophisticated protection.
3) One FDL10050F case can dissipate 100V and 10 A (1000W) simultaneously with adequate cooling.
4) Any of IRFP260, 360, 460 (TO247 case) can withstand about 70-80 W safely. And even up to 100 W depends on cooling quality.
5) A little question to shunt resistance - 0.12 R. 0.1 R is widespread. But if you wan't to put 7 A into one mosfet (and shunt) then I'll use 0.02 R, or 0.025 R or 0.05 R shunt maximum. For example something like OAR5R050FLF or OAR5R025FLF (they are sold on ebay).