All correct. Field privacy would work as follows.

1. Check Profile Privacy
2. Check Tab Privacy
3. Check Field Privacy

That's the order of the privacy checks for fields.

So, for example if Profile Privacy is set to, for example, PRIVATE it overrides whatever the user set for Tab Privacy and Field Privacy?
And to go further, if a user sets a TAB to private then even if a field inside that tab is set to Public it effectively ignores the field level setting?

Thank you!

Depends on if you've configured Profile Privacy field to also block external access to those fields, but for Email form and PMs yes it will block access to both.

Sorry, when you mean configured, you are referring to the Profile Privacy/Parameters/Display section?

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I've learned hat that CB Privacy Plugin created a Profile Privacy Field, which was sitting inside the Contact Info tab. I've moved it to another tab (User Status) and now appears in the Privacy Tab (I enabled the "Simple" option).

Was this field not appearing before because of the Contact Info Tab to private setting?

Yes. The "Include Tabs" and "Include Fields" parameters extend the profile privacy to those tabs and/or fields. Normally profile privacy by default just blocks access to a users profile, but it also enforces access to email form and PMS regardless of email or PM field being selected.

Wow, this plugin is super configurable. As you can see by this thread its alot to wrap my head around.

It shouldn't have anything to do with Contact Info tab unless Contact Info tab was not accessible during profile edit

Ok, I'll have to see what I did there. Thanks!