I don't think I've ever actually done anything like that before, but it seems vaguely familiar.
Douglas Thayer, BYU creative writing professor. He does it that way (I'm sure he's not the only one.) Thing is, I'm a 'one-drafter.' I like to get things right the first time through, and I generally do. Therefore, revising is a smaller 'fix small spots' process.
It helps, Ookla, but mostly I was just curious about people's methods. What I decided to do with this one was organize the changes by viewpoint. Since ELANTRIS uses that screwy 'chapter triad' system, I could look at each change, and decide which viewpoint it belonged to. That cut my list into thirds (well, actually fourths, since there were a few things that were more global.)
Then, I took each of the changes and assigned chapters to the ones that I could obviously place. That cut down the list a lot too.
Now, when I begin revising a chapter, I can look at this list and re-read the global changes, any changes slated for that chapter, and the un-attached changes assigned to that viewpoint. Then, I can read the chapter, and look for places to make changes. Seems to be working fairly well. (Except for one major change, that I'm going to do last, once I have the whole book fresh in my mind.)