The order of events is correct.
The base skill and its modifiers are tallied (ex. flat damage or % damage of that type), then converted by conversion on the skill (item modifiers) or transmuter (mastery tree).
The order of events is correct.
The base skill and its modifiers are tallied (ex. flat damage or % damage of that type), then converted by conversion on the skill (item modifiers) or transmuter (mastery tree).