Good choice of experiment - I basically did exactly the same one! ( i used a car and a hot wheels track)
I used a light gate to get the velocity...easier and much more precise, however as you are using a marble, unless you can get the positioning exact, time is a pretty sensible measurement.
As for safety, what about a screen at the end of the pit, to prevent it bouncing and hitting people/things. Thats basically it, and specs are a good idea...just basic projectile common sense.
You just need to show that safety was considered, even if there arent many things you can do.
Hope thats helpful