Hall effect vs?

Planning on building a flight stick for a space sim. I understand some basics and I've messed around with an Arduino and a breadboard.

In the planning stages now. Should I measure the axis and rotations on the sim stick with hall effect sensors? Is there a more precise alternative?

I would also like to control the tension on the stick with brushless dc motors like done in this project https://youtu.be/ip641WmY4pA and I think the hall effect shouldn't get interference from the motors. Hopefully.