I'm currently working in some very dry D fir for a door and making mortises and not finding it a problem. Try shaving it as opposed to chiseling off substantial amounts of wood. It trims better and cleaner that way. The heavy cuts turn out rough.
One issue I can see possible for that setup is the potential of swelling and contracting of the anti racking bar with changes in humidity. Also, the farther from the screw, the more it will rack, bar or no bar. Even if the bar was metal through a metal mortise it would still rack some. The only type vise I know of that won't rack is the Veritas (LV) twin screw vise. It's pricey but well worth it.
One issue I can see possible for that setup is the potential of swelling and contracting of the anti racking bar with changes in humidity. Also, the farther from the screw, the more it will rack, bar or no bar. Even if the bar was metal through a metal mortise it would still rack some. The only type vise I know of that won't rack is the Veritas (LV) twin screw vise. It's pricey but well worth it.