Before you go with that design, remember that moving the joystick or pressing the flipper buttons vigorously will probably move the *sliding* lockdown bar.
You push left on the joystick and the joystick handle moves left until it stops, then the lockdown bar moves left.
Not so great for SHMUPS/bullet hell.
Instead of having the flipper buttons, joystick, or player buttons on the lockdown/nudge bar, it should be either a rectangular frame or a U-shape when viewed from above.
Put the flippers (blue) on the siderails (yellow), just like a regular pin.
Put the joystick (black) and buttons (red) on a solid island (tan) in the middle of the bar. (gray)
With this setup, your palms rest on the lockdown bar while playing pinball, just like on a regular pin.
Moving the joystick will not move the lockdown bar.
The "island" should have shoulders that the lockdown bar slides either on or just above.
The shoulders need to be wider than the travel distance of the lockdown bar to press the nudge switches. (green)
Scott
Edit: Added diagram and supporting text, removed ASCII art