I don't really understand what you are saying, but if they are both trying to modify the same effect's parameters then the changes would override each other. You'd need two separate effects.
If you mean that there are already two separate pulse effects and that the pulse's ripples aren't overlapping, its likely because the effects are applied in order, so changes to the base visuals can only happen for the first effect, the second will apply its changes to the visual after the first effect etc. If this is the case I doubt its possible to have both effects affect the base visual.