When first breaking down a sound, I go with this:
Unprocessed Sound => EQ => Compression
EQing first allows the Compressor to focus more on important sonics. Why add an apparent boost too unwanted frequency? You don't have to over do it on the EQ, but at least get a low rolloff in there.
At this point I apply all single track FX(phaser, modulators, slicers, etc). From there I route the selected Mix channel to both the master and Aux send. On the aux send, I'll place the reverb fx. Make sure you always turn down the dry output of reverb VST. This will help minimize phase cancellations/clips... plus you already have a dry channel sent straight to the mixer.
Once you start running through this method more often, you'll find it goes real fast... You may want to hold off eqing a track fully till you have your track at least 80% complete. I've seen to often where people go all eq crazy right off the back, and down the line, their track have apparent holes in a supposed balanced output.