Nice clear explanation. Thanks @anon41087856. Happy to say that pretty much corresponds with my current workflow. Once you get used to the new way it’s pretty fast and way better than the old base-curve-centric approach.
I’ve been re-editing some of my best photos over the last month or so using filmic and have noticed a signficant improvement (e.g. better local contrast, better colours, fewer halos) on the vast majority, and with way fewer modules.