Generally speaking, I fall into the "more information is better information" column.
Along those lines, I wanted to touch on naming conventions for sequence turnover.
I am a huge fan of using version numbers rather than dates for sequences.
Sure, many people will say that dates make more sense, but there are several reasons why I go with versions over dates.
Versions are absolute. You will never have 2 versions with the same number. You could have 2 or more versions of a sequence on a single date. I know, you have never had that happen.
Versions get incremented at each turnvover. Dates are a secondary check.
All information needed is included: Reel / Version / Date / LFOA / Description.
If you use leading zero's where needed, your data will always lineup nicely in spreadsheets or whatever database you might be using.
The dating convention is based on year/month/day, which lets any program sort the dates correctly.