T14SG and the Phantom Failsafe

In this article, I'm going to take a closer look at the topic of failsafe. The Futaba transmitter T14SG and receiver R7008SB both come with failsafe functionality, as does the Naza-M flight controller inside the Phantom too. Now how do all these failsafes work together? As usual, no warranties given, this is just how I did it and I may be perfectly wrong...