As I see it, it is more of a question on how to stitch the four views together seamlessly, which is a bit hard to say without seeing the shots. I don’t see a reason for it to be in 3D, since it is four static cameras. But you will likely need to deal with the perspective difference in the four shots as well as the lens distortion and possibly vignetting (darkening at the edges), as well as any color and exposure differences.
Once you get them stitched together as one long horizontal comp, you can output that as a single piece of footage and then track the projectile in 2D and stabilize the shot around the projectile.
Kalleheikki Kannisto
Senior Graphic Designer