I'd be suprised if even the infinitude of (1) was known, so I think this is an extremely hard problem. As I said in a comment, a related problem, that both $p$ and $(p-1)/2$ are prime, is equivalent to the infinitude of Sophie Germain primes, and a lot of research has been done towards that problem. I would suspect that we could find it if the infinitude of (1) was known.
However, there are infinitely many such primes if Schinzel's hypothesis H is true.
Then, take $f(x)=(31(2x-1)+1)^2+1^4$ and $g(x)=\frac12\left((31(2x-1)+1)^2+2\right)=\frac12(f(x)+1)$.
We need to prove that for every prime $p$, there is an $x$ such that $p \nmid f(x)g(x)$.
Let $p$ be odd.
Now if $x=\frac{p+1}{2}$, then we have $2x-1=p$, hence $$f(x)=(31(2x-1)+1)^2+1^4 \equiv 1^2+1^4 = 2 \mod p$$
$$g(x)= \frac12(f(x)+1) \equiv \frac{3p+3}{2} \mod p$$
If $p \neq 2$, we have $p \nmid f(x)$, $p \nmid g(x)$ and hence $p \nmid f(x)g(x)$.If $p=2$, note that $f(x) \equiv 1 \mod 4$ and hence $g(x) \equiv 1 \mod 4$ for all $x$, so then also $p \nmid f(x)g(x)$.
Therefore, if Schinzel's hypothesis H is true, there are infinitely many $x$ such that both $f(x)=(31(2x-1)+1)^2+1^4$ and $g(x)=\frac12(f(x)+1)$ are prime.
Now, we check that $f(x)$ satisfies the properties:
- $f(x)$ and $\frac12(f(x)+1)$ are prime.
- $f(x)= a^2 + b^4$ with $a=62x-1$ and $b=1$.
- $f(x) \equiv 1^2 + 1^4=2 \mod 31$.
Therefore, $f(x)$ satisfies.