@mosesrus: Is this trip intended to be a quick scouting trip to plan future visits, or are you intending to see everything you can as you won't be back for awhile? Different answers likely for either scenario. With that caveat:
You previously posted on what looks like this same trip, and had an Airbnb planned for Venice, 4 nights. I assume your plans changed? That was a better option. As noted by others, I feel trying to do Venice in a day is not in your best interest. You will likely arrive the same time thousands off-load from their cruise boats. Trying to see the sights in competition with them and the "un-normal" crowds this summer could be a real mess. "Avoid-crowds.com" shows boats in port almost every day thru September except Sunday nights with +2500. My wife and I were there in April for 4 days/5nights and didn't immerse in everything we wanted to. I wouldn't recommend doing Venice in a day. Plus evenings are spectacular with perfect lighting and less crowd.
Florence in essentially 2 days (plus your day trips) will be a rush-rush to barely experience it. We've been twice in the last year shoulder season, 4 full days/5 nights each, and still have lots to see on another trip. Trying to fit everything you have listed in one day? You could easily spend more time in line than seeing the venues.
Specific to your questions, with the caveat I don't know your expectations in visiting historic sites:
"is two hours enough to visit the four sights?" - No. In April the Duomo had a line past the front facade and around the north before the doors even opened. The line and entire piazza was packed all day.
"visit the Medici Chapel on timed entry" - You will enter via the crypt and through the Cappella dei Principi to get to Michelangelo's chapel. The Cappalla is possibly the finest example of architecture I have ever experienced. We spent 2 hours there alone, and it will be a must see again when we return. Maybe it's not of interest to you.
"Santa Maria Novella list of 90 minutes" - That sounds about right. Though be aware if you are expecting a walk-up ticket you might want to be there just prior to opening - 9:30? - as we walked right in. Other times during the day had a very long line. And it's closed for services - check for opening times.
No Uffizi, Pitti Palace, Accademia, Bargello, Santa Croce, Mercato Centrale, Ponte Vecchio?
We pack our days when visiting Europe, but as someone else noted, your trip makes me feel exhausted.
Good luck with the crowds. Enjoy.