Hi. I tried this with a powerhead and a canister filter. Powerhead & filter both rated at 2000lph.
A spraybar was fitted on the canister filter, so I had a similar idea as you do. Instead of a Y connector I used a T connector.
Unfortunately, the result was that the flow from the filter pushed water back into the powerhead so the flow was worse than only having the filter on the spray bar. This could have resulted in burning the power head motor.
I don't know if a Y connector will be better since the two flows will not be perpendicular to each other and maybe they won't cancel out with this setup.
If you already purchased the hardware, it may be a good thing to try out and confirm your idea with a Y connector. Mind you if you are using a Y connector to plunge into the spray bar (lower diameter) the flow will be decreased dramatically. I had to try it to see it myself.
Or maybe, if it is an option, try fitting the filters on each site of the spray bar instead.
Please, let us know if you go ahead with this one and how it turns out.