Before you get too excited about paint, jump up & down on the pinion and check for flex in your 'new' secondary 'A' frame, Im pretty sure your going to have to add a bracket from the lower rear diff cover bolts to the pivot point once you feed some engine torque into that. Left as is the first time you feed some power into it the pinion will want to climb upwards.
EDIT: Ive attached a dwg of a rear cover Ive used before on OZ Ford Falcon rear axles that spend time on dirt ovals. These cars factory have an alloy rear cover with pivot pin for a watts linkage that does not like gettin hit hard. By using the A-frame as per dwg we got a lower rear roll center plus a setup that was longer lasting. Rear cover is fabbed from 6mm plate and the Bolt is made from HT bar to replace that large bolt you have, The bolt uses a nyloc nut and is free to rotate in the A frame, the bolt that attaches the long 'bolt' to the cover goes thru a sleeve in the large end so it is can be tight, but sleeve allows the A-frame to move up n down as reqd. Overbuilt, yes and unlikely you need to make it as heavy. By making the A-frame swing radius longer it also makes the pinion angle change less thru the range of movement which makes life easier on the rear u-joint of driveshaft.