So, I had an eureka moment yesterday, and realized my entire concept of how the Highlight and Shadow sliders work are totally different than I thought. My original conception was that it kept everything in a nice little bundle and just moved it side to side. But now I realize, these two sliders actually tone map their half. This little difference makes a huge difference in how I conceptually work on an image.
So, I went from a method tonal adjustments where I would exposure, then white and black, then highlight and shadow, then clarity, saturation (and the other similar slider), contrast to a new workflow. First, adjust the Highlights and shadows, to get you into an acceptable range. Then adjust exposure (readjust highlights and shadows if needed). Next, adjust clarity to give you a faux edge sharpening. Then use contrast to help balance out the actual tonality of the image. Next, pump up saturation and it's mate if you feel like it. Finally, adjust your whit and black clipping points using the two sliders. More than likely a curve should be applied also to control how the tones "roll" into each other.
A side effect of this appears to be expanding range really points out how noisy a sensor is. For instance, I can comfortably slide my OM-D EM-5 to 75% on the shadows, and not see too much noise. My Fuji X10, however, can't go much past 50%.
So, am I nuts, or does this all seem about right?