How do calculations for (Advanced) Homing work?

Got more time on my hands than usual. Might as well. It helps to keep me busy. I've been wanting to do this stuff for quite some time. *sighs*

String fix patch?
Kidding, Fiel, do what you like.

As Kaida said, advanced Homing is an after-multiplier since it's applied to the monster. Meaning theoretically, it might be possible to hit 1.2x the standard damage cap, or currently 239998. No one's going to have a high enough range to hit that much even with Air Strike, though, let alone Cannon.

Def is applied before everything else iirc

Not true in general, though. Elemental advantage, Combo, Amp, and others are before-multipliers and applied to all character damage.

Edit: Well no, elements don't abide by that rule. I'm not sure what's up with that.