Seems it would have a much higher reach.
I also wouldn't trust a strap to drop a loaded bar from snatch :D https://youtu.be/nrgnH9fTfGo?si=6LLeu3y02iFrwfis&t=65
Might consider a BT GadgetBridge gadget then.
Velocity on the other hand is a great metric to track and is used as a proxy for RPE. Mike Tuchscherer was the first one to systematize it for powerlifting a while back, if you've been lifting for 20 years you're probably aware of the name.
For more complicated lifts like bench press (J-shaped) or snatch (S-shaped), for example, I would rather set a "golden sample" path with a coach and compare to that.
It's unlikely to be the sole metric, especially given the inverse kinematics of different body types (long/short femur, etc), but together with bar speed, over time, it can provide a lot of good feedback.
No offense, but this post does come across as you only having a surface level understanding of the field. Especially surrounding injury/pain perception, I would be more careful of what you assume is true, there's far more nuance.
i wonder if it would make sense to consider it as a data problem, capture a bunch of high fidelity inverse kinematics data for various forms of bad form/dangerous lifting along with the imu data and then work from there. there could be some interesting and unexpected features that are easier to detect than straying from straight line paths with some tolerance.