Curtains on the front half of the room, side walls, will help a little with both acoustics, and diminishing reflected light off the screen. You should get decent bass absorption from your planned ceiling. The results won't be acoustically glorious, but they should be reasonable. Try to make the rear wall (bar area) somewhat uneven (lots of bottles, art, stools, anything) to break up the acoustic reflections as much as possible. Avoid setting glasses and bottles on hard shelves (stone, glass), or they'll likely clatter when the sub gets going.