This setup is similar to the one I have - and love!
When returning to regular cycling I realized my body just wasn't going to be able to bend as much as when I was younger. If I wasn't comfortable I wasn't going to want to ride, and that was the point. So I went with flat bars and the inner SQ-like thingys. I don't ride fast enough to need the lower "drops" position and now I have all the options and variation I need for a comfortable ride.