So.. I got a few questions to start off with on the dust collector itself.
What is the size of the ducting run to the collector? What is the size of ducting run to the machines? (4" or 6")
For multiple machines at the same time, it is advised to gradually increase the size of the duct as you add additional runs to it. This can be loosely calculated by taking the sum of the cross-sectional areas of the ducts that you wish to join. Once you have the sum, you work backwards to find the new diameter for the duct that the smaller duct should join to. Alternatively if only one machine will be on at a time, you can run the same size duct through the entire shop. (This is usually sized based on the largest machine).
The reasoning for above is that when multiple blast-gates are open, the ducting needs to be large enough to be able to provide ample air-flow. If the ducting is too small, then when an additional machine is used, the air-flow drops on each machine due to the restriction imposed by the 'same-sized' ducting technique.
The other mistake is running ducting that is too large... this may not make immediate sense, but you are dealing with 'air-flow' as a volume over a function of time. So a properly sized duct and a duct that is too large will give you the same air-flow, but the properly sized smaller duct will accomplish this with a higher velocity. The larger duct allows a greater amount of air to be moved at the same time, but the result is at a slower rate. This faster velocity is very important to prevent debris from building up in the collection system. Such a build-up can make a portion of your collection system useless, and also pose a safety/fire hazard. Don't get me wrong. This does NOT mean smaller duct is 'better'. It means that it should be sized based on the air-flow of the system.
This also means that if your current setup is the 'gradual increasing duct size' technique, then leaving multiple machines shut off... or having the blast-gates close will decrease the volume of air travelling through the system.. and while this will not pose an issue for the individual machines currently in use, it will cause the air velocity to slow down in the larger ducting where multiple machines may come together.
So... long story short, your solution should only be employed if only one (or two tops... depending on collection requirements) machines are running, and the ductwork throughout the shop is all the same size. This is common for smaller shops.
If you have ductwork that grows to a greater diameter as more machines are added toward the collector, then is would be best to leave all is not most blast-gates open at all time, or installing a by-pass valve at the end of one of the longer runs. This bypass is usually weighted or spring loaded, and will open to allow additional air to enter to keep the air velocity higher in the larger ducting preventing debris build-up.
Also, because of the machines in question, it would be best if you were to call in an electrician to wire the required relays for you.