Basic Colorspace setup for mixed sources

Hi,

I was just wondering if dealing with media sources from various color profiles, S-Log, V-Log, sRGB, etc to all be composited, would it be "standard" or at least a common workflow to:

1. Set Working Space to : Rec.709 Gamma 2.4,
2. 'Check' Linearize Working Space
3. For each clip: Interpret Footage -> Assign Profile and pick whatever Log/profile the footage/media is in
4. Do the compositing
5. Pick an Output Profile: In my case I picked V-Log for grading in my color grading app, since most of the clips were V-Log
   
   The final render would and should look like a flat V-Log composite, correct?

Is this workflow correct for the desired output?

Are there any other workflows or steps to consider for just a BASIC composite like this?

Thank you!!