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I have reviewed your above images and feel fully that you have located an elegant solution that will work splendidly for your application.
You might also consider installing a Baldwin 0418 Mortise Bolt as seen here:
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because you could install it without having the exterior thumb-turn which would normally be an interior thumb-turn and you can have a decorative cover over the keyhole and then an emergency key that would operate it so thatMay be unnecessarily inconvenient.
Finally you may also consider removing the passage or privacy set currently on the door and replacing it with a keyed lock until such a time that having it locked is no longer necessary.