Going to agree with the unit...as drawn it'll dump.
Wouldn't use an o-ring to seal on the striker side of the spool either...the pressure will get under it at the instant it is free to do so, and blow it right out of it's groove. Could cage the o-ring (see techs qdv for an example of caged o-rings), but that won't stop it from "puffing" up and rubbing/slicing on the opening/cage...o-ring life will be affected.
Would be better to use a partially balanced spool, and use the larger end of the spool to seal. This'll take care of the dumping problem and the o-ring issue. Look up BTB's "push button valve" if you're unsure what a partially balanced spool is.
You actually WANT the valve to close sharply to get a short blast of air behind the projectile...too much dwell time, and the valve is still open after the projectile has left the barrel. YES...maximum power will be achieved, but at the cost of using WAY more air than needed.
I see you're also planning to use screws in shear, so....here's a little bonus reading material for ya.

Shear strength is typically 60% of Tensile strength (I use Yield)...if you cannot find compressive strength of a material, use the yield strength when calculating bearing stress. I use a minimum safety factor of 3 at yield.
http://courses.washington.edu/mengr356/ ... -joint.pdf
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