Assume 2A max startup current for the drives, which the P/S has to be able to handle. 24x2A = 48A on the 12V line. The 700W supply linked can only handle 52.5A, excluding that damn near everything else (CPU, vid cards if installed) also run off of the 12V rail. I'd go larger. (And supplies as they age will also lose the maximum current they can handle)
Beyond that, personally, I'd only go with supplies from manufacturers that you know and trust. Antec, Corsair, Seasonic, ThermalTake et al. Way too many other manufacturers that cut corners on what is actually far and away the most important component in any system. Don't cheap out. You get what you pay for.