Paperdigits is mostly correct saying that the order is acceptable as it is.
If you wish to have advanced control,I think it all boils down to really understanding the pipeline and having a point in it, where your picture “is born”. Where you would be happy printing it and sharing it. But you still want to make adjustments to it (and not modify the data behind it).
An easy-to-understand example is tinting. Like covering a printed photo in a thin layer of paint, you want to tint the picture that is already ‘built’, and not apply it to the data before.
Or think about a white frame. You wouldn’t want to apply a white border on the data early in the pipeline, because the frame will get affected by everything in the pipeline. You want to add a frame at the very end of the pipeline, and add it almost as it was “on top” of the picture.
Hence my original comment on the “Display referred bad”/“Scene referred good”.
In “Picture” terms, there’s stuff you do before it’s produced/built/made, and after it’s produced/built/made. So the reference point is the Picture
(“The Picture” is something that comes out after applying a “tone mapper” (sigmoid or filmic rgb), everything before that point is modified data captured by the camera, I find it’s helpful to separate those two states. You wouldn’t print something that doesn’t have sigmoid or filmic rgb applied, would you?)