I think this is an "an over engineered joint" that looks like it would be fun to make but not provide additional strength to the one on the right. To get the max from the basic joint I would miter the ends of each tenon so I get maximum depth. Some might like to add pegs to the joint.
If the joint becomes loose(glue failure) the little bit of wood is virtually end grain. In chair construction of this sort, I try to get the mortise as snug as possible and I always use HIDE GLUE NOT YELLOW GLUE.
If for any reason the glue joint fails, you simply heat the joint a little, reactivate the glue and add a little more if you like and its good to go. If you use anything but hide, you have to disassemble the joint and completely clean the mortise out and clean the tenon. Not for me. I can not tell you how many people have brought chairs to me after a "pro" repaired the joint with epoxy. In most cases I turn the work away. Sad but glue choice was the death kneel.
If you really want to build it as an experiment, I would build it first on the top so I could view the alignment carefully. Then I would lower the mortise position when I was happy.
Dan