Kevin,
The easy answer is to use this calculator and select "find my pinion instead" to input your desired headspeed:
http://www.readyheli.com/headspeed-calculator.htmlI'm not sure what voltage you used in the example numbers, but I generally use 3.7v/cell, which is a reasonable average under load in flight.
44.4v x 510kv x 14T / 116T = 2733
44.4v x 510kv x 12T / 116T = 2342
The lowest pinion available that will get you the target headspeed while maintaining adequate headroom is the way to go. Everything will run cooler and you will get longer flights.
2000/2733 = 73% (27% headroom)
2000/2342 = 85% (15% headroom)
In my experience, 10-15% headroom using 3.7v/cell is a good target range. I'd go with the 12T pinion.
2000rpm is fairly tame headspeed for the E7 and you should have no issue whatsoever with the 120HV and Align motor.