I'm not sure I see how that helps at the moment. Unless I give each LV machine its own dedicated LV transformer off the LV rail, and likewise for MV machines. (Though it seems kind of weird to have to transform LV down to LV.) Right now it basically means my LV rail is really a MV rail, and my MV rail is really a HV rail, so I have LV-transformers outputting MV and MV-transformers outputting HV. This makes my brain hurt.
What? I think you're confused and too hung up on how you remember the old versions to work.
The new system is a great simplification. You forget all other numbers and only look at EU/t. All sources inputting EU/t into a cable or machine are summed up each tick, and only that one EU/t number is used for calculation. There is no more packet size because packet size is always 100% identical to EU/t.
Your four geothermals output 4x 20 EU per tick, so the load on the downstream is 80 EU/t.
Your four MFEs output 4x 512 EU per tick, so the load on the downstream is 2048 EU/t.
Your four MV transformers output 4x 128 EU per tick, so the load on the downstream is 512 EU/t.
Your four LV transformers output 4x 32 EU per tick, so the load on the downstream is 128 EU/t.
Now, I assume that you have your transformers set up so that each individual MFE feeds into its own dedicated MV transformer, and then again into a dedicated LV transformer. If all four MFEs would output into the same cable, you'd have that 2048 EU/t pulse going around and nuking all your MV transformers, because they can only take 512 EU/t. If all the MV transformers output into the same cable, you'd have a 512 EU/t pulse nuking all your LV transformers.
One thing you should notice: transformers no longer output 4 packets per tick, because there's no such thing anymore as multiple packets per tick. Under the old system, a LV transformer had 128 EU/t input and 128 EU/t output. it didn't step down EU/t at all, just EU/p. However, under the new system, stepping down means actually throttling throughput by 75%. You don't lose any power, it just goes through much more slowly. If you want to step down 512 EU/t into four 128 EU/t lines, you need four MV transformers. But the moment you let those four transformers output into the same cable, it's going to sum up right back to 512 EU/t again. There are no more packets, there is only EU/t.
Downstream, all your machines are fine with the 128 EU/t they're getting, because all machines can now handle MV by default (thermal centrifuge even does HV). If NEI says they can only take 32 EU/t, that's a lie. Only batboxes and luminators are limited to 32 EU/t. However, the moment you add a fifth LV transformer, you have 160 EU/t on the line, and that will blow everything up.
You can now either give each individual machine its own MV transformer (throttling the 160 EU/t down to 128 EU/t), or instead you can insert transformer upgrades into your machines. That will allow them to accept up to 512 EU/t. This means you to completely remove all your LV transformers and simply feed the machines from your four MV transformers. Or, you know what would be even easier? Forget those 4 MV transformers too. Just feed the line from one MFE. If you still want the storage of all four, hook the MFEs up serially.
In the past, transformer trees such as yours were useful because they allowed you to transmit several thousand EU/t over a line that could only handle 32 EU/p. Under the new system, forget all that. It's much easier. Just transmit the several thousand EU/t as they are, and use transformer upgrades to make sure your machines can take it. Instead of having transformers at the start of the line (right after storage), you now have transformers at the end of the line (inside your machines, as upgrades).
Its about as slow as a furnace for me. Also, pretty sure the cutter makes Casings somehow.
The electric furnace does one operation in 130 ticks. The metal former does one operation in 500 ticks. They're nowhere near the same speed, unless you're overclocking the metalformer at least 2-3x