I can’t get my head around your explanation. It doesn’t make sense to me…. which is why I like the one I quoted (which I apparently mis-attributed lol). So I’m not sure if it always hold true.
Your example is correct though.
This was my G+ day with using a few of the rules. I think if you can understand all of this you are basically ready except for the 120 minutes from park opening (and even 1 outlier I rarely see talked about select experiences, so might be good to understand)
7:00am booked Splash Mountain for 9:25am
8:35am got an alert from MDE that my Splash Mountain LL would not be accommodated. Was given a "Lightning Lane- Select Experiences" good anytime after 9:25am. Good for any ride except Jungle Cruise, Pan, Space, or 7D. Immediately was able to book a 10:55am Space mountain
10:55am Tapped into Space, booked a 11:55am Pooh
11:55am Tapped into Pooh, booked a 12:00pm Tea Party
12:10pm Tapped into Tea Party, booked a 3:30pm Haunted Mansion
2:10pm 120 minute rule allowed me to book a 4:30pm Peter Pan
3:30pm Tapped into Haunted Mansion, was NOT able to book a new LL
4:10pm 120 minute rule allowed me to book a 5:45pm Little Mermaid
4:30PM tapped into Peter Pan, was NOT able to book a new LL
5:45pm tapped into Mermaid and was able to book a 6:20pm Buzz
6:30pm tapped into Buzz and was able to book an 8:00pm Jungle Cruise
8:30pm tapped into Jungle Cruise and could book a 8:45pm carpets
8:50pm Got stuck on Jungle Cruise, canceled carpets LL and was able to book a 9:20 Pirates
9:00pm after a boat broke down on Jungle Cruise, was given another select experience pass, was NOT able to book another LL
9:10pm tapped into Big Thunder (using Select Experiences pass), was NOT able to book another LL
9:20pm tapped into Pirates, in theory could have tried for another LL, but we did not
9:35pm tapped into Carpets utilizing second select experience, would NOT have been able to book another LL