I want to try this with my quad and see if and how it works.
Here's my waypoint list:
Basically takeoff to 6m (will actually take off the ground myself as AC v2.7.1 doesn't seem do the takeoff).
Then fly to a close waypoint at 10m alt, then to a further waypoint at 60m alt, loiter for 5 secs, release the chute, loiter for 5 secs, descend to an interim waypoint at 30m, descend further to a closer waypoint at 15m and RTL from there. This is in a fairly open area and the drop will be about 60-70m from the takeoff. May change the waypoint positions if there's a bit of wind.
Does that order & logic look about right?