Short Answer to your questions is: No, it is lower. I’ve done quite a few tests on this and this is the equation I came up with. This equation could be wrong but it matches with my findings the most.
{ BaseDmg x (ChestDmgElixir or % pet dmg buff + BD and ED) x (AdDmg + % Stacking pet Dmg)
OR
{BaseDmg x (ChestDmgElixir or %pet dmg buff) x (AdDmg+%Stacking Pet Dmg + BD and ED)}
It was hard for me to determine which one is more accurate. But either of those equations is more accurate than multiplying your stat dmg by the Bd/Ed %
If you have questions about how I did my test. I can explain them, and hopefully correct any errors found.
I have not done this test with weapon procs tho as I find it hard to do. I was also not sure whether the 76 arc weapon proc increase someone’s base dmg or is a multiplier
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