Dustin,
From a LOTO point of view, I think you are probably OK. I would put a label on the blocked switch stating which panel and breaker are to be used to disable the power. From an electrical safety point of view, take a look at 1910.303 Table S-1. You'll have to decide if its applicable. Two other thoughts.
One, ask your electrician if he can move the switch to another location. I've seen electicians come up with some great alternate locations. Two, have the switch removed. The only considerations here are, does the machine have its own "on/off" switch. If so, the switch was a useful redundancy. If not, you'll need to install a switch. Also, does the breaker kill all the electrical power to the machine?
MikeCJ