Does it make sense to flash this even if I'm not installing a rom?
If going to ACS ICS, you don't need to flash the EXT4 script separately, as it converts to EXT4 automatically during the installation. Same for Legendary.
Not sure about going back to Stock using CWM, as I usually just ODIN it back and that doesn't require any flashing.
I'm wondering for the future how would I know if the roms go automatically to ext4? Because I don't recall seeing that info on the rom opening pages. Is that basically standard with all roms?