Using the CV with PB will also result in single function operation. Whenever the first spool in the line of spools is activated, it will rob any available oil to any other spool further down the line. In other words, you wont be able to, as an ex, lift the boom and swing it at the same time. You will either lift then swing or swing then lift, just depending on which function is first in the line of spools. Feathering the levers will allow some functional ability of multiple spools at the same time
I see no reason to separate the two controls valves by using a flow divider as suggested. The second control valve seems to be dedicated to the 4 outrigger cyl's. Since the outriggers would only be extended/retracted while setting up the machine to dig and then not being used at the same time while digging. If this was a closed system, (I assume you are building a open system), and you where using a variable displacement pump, you could tie/tee, the control valves into the pressure line and have pressure to both valves and be able to do more than one function at the same time.