Whenever I hear anyone recommend a raw+JPEG capture, I have to ask them if they fully realize what they are giving up in terms of image data in the raw due to under exposure.
So some know, some don't but they keep recommending the workflow without the warnings.
Andrew .. the whole point of this thread and the new feature brought to Lightroom Classic is not to optimize a RAW+jpeg workflow ... it is merely a method to allow much quicker culling utilizing the embedded jpeg files for RAW image files .... and a workaround for Fuji cameras in order to use of the feature is to shoot RAW+jpeg for now to take advantage.
For the purpose of this specific feature ... the accompanying jpeg files from the Fuji cameras and their potentially incorrect exposure is inconsequential beyond the initial viewing/culling process.
I, and others have been asking for this capability for over a decade. After shooting sports, news, events and timely features for over 45 years, that must meed strict deadlines, the time it takes to render/build previews can be costly. I can evaluate an image based upon the embedded or sidecar jpeg just fine regardless if the jpeg preview has received 'optimum' exposure consideration. It isn't a real world issue in the sense that for this instance the accompanying jpeg for Fuji cameras is important at all once these initial steps are completed.