No, sorry, not kosher.
You will have interactions between the two pots, parallel resistors have odd interactions:
View attachment 90936
So your two variable resistors are 1M each.
Full on in parallel they will be only 500k each, but since they are variable, if you have LEVEL-A set to 750k and VOL-B is set to 250k, then while using LEVEL-A it's actual output will be...
187k5
Besides considerations regarding the math involved in Parallel resistors...
Compare PedalPCB's, Aion's & Madbean's schematics, rather than most VOL-pots wired as voltage dividers all three schematics here tie LEVEL's LUG-3 + LUG-2 to form a rheostat:
View attachment 90935
Whether connecting to PIN-6 of the op-amp ala PedalPCB's version or PIN-7 of Aion and MBP's circuits, LUG-3 & LUG-2 are tied together on the PCB itself...
...so your "input" wire to the LEVEL pots, that's also connecting the two LEVEL pots' LUG-3 means you'll have 4 lugs of both LEVEL-pots all tied together (both #3s and #2s), which negates you having switching between LUG-2 of each LEVEL pot since now they're all connected on the PCB via your wiring.
An aside, I almost missed your pot-lug numbering, it's VERY faint, and at first glance I thought you had LUG-3 on one pot wired to LUG-1 of the other.
I previously made a GAIN-POT swapper diagram, I've re-jigged it for you (since the "LEVEL" is more of a GAIN-pot anyway).
You'll need to offboard-wire both pots, and that way you won't have any interactions between the pots.
Also note, there is no connection for MODE switch's LUG-3 in the schematic, so you don't need a wire for it, just leave MODE's PAD-3 and LUG-3 empty.
Mod the LEDs to however you like: one LED, one bi-colour LED, one LED that's either dim or bright ...
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