I think your systematic approach should work well. I would start very modestly--"treatment" that is not really treatment. Some kind of floor covering for the hardwood is a must, whether it is carpeting or a fairly large area rug. For treatment of the front and side walls, try tapestries first before going for acoustic panels (most panels really do not look very good). Just to see how tapestries might work you can temporarily hang blankets up.
Since you will be doing most of your listening in the near field, the direct sound of your speakers will dominate the sound and heavy treatment may not be necessary. With the back open to a large space, bass boom and slap echo may not be that big an issue.
In short, go slow on real treatment. Sometimes all it takes is adding more upholstered furniture in the room and things like shelves on the wall to provide the right amount of absorption and diffusion.
Since you will be doing most of your listening in the near field, the direct sound of your speakers will dominate the sound and heavy treatment may not be necessary. With the back open to a large space, bass boom and slap echo may not be that big an issue.
In short, go slow on real treatment. Sometimes all it takes is adding more upholstered furniture in the room and things like shelves on the wall to provide the right amount of absorption and diffusion.