Hi brbo, that looks quite nice, and not too far from what I got via Vuescan batch processing of the 8-bit raw tiff file (which is what I did before I had made that script).
Here is PSI's default output, no adjustments before or after exporting:
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full download)
Here is my 8-bit raw tiff -> Vuescan processed file, no adjustments except right clicking in Vuescan to set the whitepoint:
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full download)
Before I got the Pakon in 2014, I had been scanning since 2006 with a Minolta 5400 also, using more or less the "advanced workflow suggestions" (locking down exposure and film base values after calibration on unexposed film) in Vuescan, with the addition of custom film profiles via Wolf Faust targets, which is why I found the default output from the Pakon software so limiting.
I agree that extra highlight/shadow detail isn't important if you have other tools at your disposal when you need them. As for the highlight issues because of quantization in 8-bit raw scans, 95% of the time they are not even noticeable, as this image shows (both your and my processing from the 8-bit version doesn't show them) but they led me down the path of wanting to optimize for the quickest workflow starting from the 16-bit file.
Do you have your regular CP/LR documented anywhere? If you do that on 5400 scans are you saving linear files out of the Minolta software, Vuescan, or something else?