Yeah, being able to stand up it alone worth the effort of such mods.
I have a set of handle bars from a Harley Davidson
that I was going to use in a similar way but the main reason I haven't used them is I like to be in a position to place at least one hand on the saw so as to retain some the feel of the saw in the cut.
For example, in this picture the end of the handle is quite a long way from the saw and I didn't think I would quite get enough feedback from the saw/mill using these long handlebars.
The other thing in such a deep cut is there is no pressure direct in the line with the cut or level with the saw. In most cutting situation I like to put my knee or leg up against the top of the wrap handle to provide this in-line pressure - but that is just my preference. You may still be able to do this if you move the handle bars forward enough to the front of the mill.
With my right hand I also like to vary where I hold it on the mill during the cut, so being confined to having both hands continually on the handles doesn't provide as much variety of holding locations. I also like to keep milling while I add wedges. I lock the throttle and keep a forward pressure on the mill with my leg/knee this leaves my arms free to add wedges. This also provides a smoother finish because every time the mill is stopped and started it marks the surface.
Another potential problem I can see with single point loose fitting handle bars is that if the saw bogs down there is limited or no ability to twist the mill out of the cut, there is only a back and forth action available. Also they make it virtually impossible to cut at an angle to the log. In your softwoods it probably doesn't matter all that much but at the end of a long Aussie hardwood slab the chain is often starting to get quite blunt. On some long wide logs I even remove the mill from the cut and touch up the chain. An alternative is to take the strain off the saw by milling at an angle and see-saw my way through the remainder of the cut. This requires riding on one wheel and then the other down the side of the log.
All these factors are why I also don't like using winches or carriage CS mills. But who knows I may get over around these issues at some stage and try the handle bars out.
I hope you can take this as constructive criticism, hopefully you can tell I have thought long and hard about various handle setups etc.
At the end of the day mill mods is all about working out what works for you and if it does that's all that really matters.