Hi Eddie
I regularly combine my 0.6 and 0.9 ND filters to extend the exposure by five stops. I use a Lee Filters system, so each filter just slots into the holder, and away I go. I've never combined this with a red or orange filter, but certainly there'd be nothing stopping you doing so. As for polarisers, I haven't used one myself with black & white, but I've seen some interesting results by others where, for example, using it turns water to a complete inky black.
As for reciprocity failure, I'm no technician, but I tend just to double the exposure to compensate. e.g. 'straight' reading is 1/4sec at f/8, to take account of the five stops it increases to eight seconds at f/8, therefore I expose at 16 seconds at f/8 to allow for reciprocity failure. It seems to work for me! Although I do bracket, too.
Hope this helps. Just for your interest I've attached an example where I used just this technique. If I remember rightly, the exposure was around one minute.
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