Segment Initiative

Hi there!

After reading through the Complete Ruleset I had a blast from the past when I read the "ALternate Combat Sequence Method no. 3 (Modified Supplement 3 Rules)" and saw the segment based  initiative. I was a little kid when I first played the game and this part used to fascinate (and kind of vex) me. 

Now, seeing it as an adult I think it could lead to really cool dynamic combats but I'm not sure if it can be handled smoothly. 

Does anyone in the community use it? I was thinking of preparing some kind of visual aid (maybe printable spreadsheet o whiteboard...)

 

Thanks in advance