Here's where I see a possible problem. Typically, a compound turbo setup will have the highest drive pressure before the secondary stage (between the cylinder head and the turbo(s)), and the pressure will drop a little in the hot pipe between the two stages. Since most quality and properly spec'd turbos see about 1:1 drive to boost ratio, we can assume the drive pressure will be close to whatever boost it is putting out. So if the atmosphere turbos are putting out 40 psi of boost, drive pressure should be somewhere around the same. Now the secondary would further compound this up to maybe 80 psi, but in order to do that, it would need around 80 psi of drive pressure. There is no way the drive pressure can get that high without it being even higher in the manifold.
In no way am I saying it won't work or hasn't worked, I just can't make sense of HOW it could or does work. I looked for some other examples of this setup but came up empty handed, so I started a thread on CompD asking about it. Maybe I'll get a better explanation there.