Nice work on that mechanism.
If you are not going to have spring to unlock the spindle when you take you hand off then I would definitely add a switch to disable the spindle while lock. When I was building my spindle lock I thought to myself I won't forget and leave the lock on when I try to start the spindle. Well put the switch on anyway and I'll bet a hundred time I've turned the spindle on and when It doesn't come one I look up and the lock is on.
This is what I did. The safety switch is a reed switch stuffed in a hole in the base plate. There is a rare earth magnet mounted in the bottom of the lock ring. I wired it into the enable circuit of the speed control on the mill. When the magnet is over the reed switch the spindle will run.
I gave up trying to get the pictures to load correctly/
Unlocked
Attachment 400056
Locked
Attachment 400054
Safety switch
Attachment 400058
John