I've been looking at logs to find more examples not covered before, here's an analysis of one of them.
Source:
World of Logs - Real Time Raid Analysis
Flashburn: 1.3859
Ignite related sequence:
[22:03:42.708] Pichenci Fireball Ultraxion *60567*
[22:03:43.070] Pichenci Fireball Ultraxion *60297*
[22:03:43.117] Ultraxion afflicted by Ignite from Pichenci
[22:03:43.519] Ultraxion's Ignite is refreshed by Pichenci
[22:03:45.220] Pichenci Ignite Ultraxion 22335
[22:03:45.606] Pichenci Fireball Ultraxion *61362*
[22:03:45.606] Pichenci Pyroblast! Ultraxion *76407*
[22:03:46.345] Ultraxion's Ignite is refreshed by Pichenci
[22:03:46.345] Ultraxion's Ignite is refreshed by Pichenci
[22:03:47.098] Pichenci Ignite Ultraxion 29009
[22:03:47.826] Pichenci Fireball Ultraxion *61488*
[22:03:48.428] Ultraxion's Ignite is refreshed by Pichenci
[22:03:49.116] Pichenci Ignite Ultraxion 30702
[22:03:49.116] Pichenci Fireball Ultraxion *62353*
[22:03:49.663] Ultraxion's Ignite is refreshed by Pichenci
[22:03:50.538] Pichenci Fireball Ultraxion *62351*
[22:03:51.100] Pichenci Ignite Ultraxion 31990
[22:03:51.191] Ultraxion's Ignite is refreshed by Pichenci
[22:03:53.132] Pichenci Ignite Ultraxion 43512
[22:03:53.255] Pichenci Combustion Ultraxion *21892*
[22:03:53.807] Pichenci Fireball Ultraxion *61480*
[22:03:53.994] Ultraxion's Ignite is refreshed by Pichenci
[22:03:54.577] Ultraxion's Ignite is refreshed by Pichenci
[22:03:55.154] Pichenci Ignite Ultraxion 44415
[22:03:55.802] Pichenci Fireball Ultraxion *61212*
[22:03:56.397] Ultraxion's Ignite is refreshed by Pichenci
[22:03:57.161] Pichenci Ignite Ultraxion 40921
[22:03:58.527] Pichenci Pyroblast! Ultraxion *77325*
[22:03:59.141] Pichenci Ignite Ultraxion 40921
[22:03:59.251] Ultraxion's Ignite is refreshed by Pichenci
[22:03:59.354] Pichenci Fireball Ultraxion *61765*
[22:04:00.059] Ultraxion's Ignite is refreshed by Pichenci
[22:04:00.633] Pichenci Fireball Ultraxion *61280*
[22:04:01.162] Pichenci Ignite Ultraxion 52983
[22:04:01.276] Ultraxion's Ignite is refreshed by Pichenci
[22:04:02.167] Pichenci Fireball Ultraxion *55782*
[22:04:02.838] Ultraxion's Ignite is refreshed by Pichenci
[22:04:03.203] Pichenci Ignite Ultraxion 74615
[22:04:03.718] Pichenci Fireball Ultraxion *56203*
[22:04:04.432] Ultraxion's Ignite is refreshed by Pichenci
[22:04:05.171] Pichenci Ignite Ultraxion 60129
[22:04:05.824] Pichenci Pyroblast! Ultraxion *69561*
[22:04:06.487] Ultraxion's Ignite is refreshed by Pichenci
[22:04:07.204] Pichenci Ignite Ultraxion 52941
[22:04:08.298] Pichenci Fireball Ultraxion *56121*
[22:04:08.954] Ultraxion's Ignite is refreshed by Pichenci
[22:04:09.233] Pichenci Ignite Ultraxion 45665
[22:04:09.794] Pichenci Fireball Ultraxion *55964*
[22:04:10.536] Ultraxion's Ignite is refreshed by Pichenci
[22:04:11.214] Pichenci Ignite Ultraxion 40785
[22:04:11.394] Pichenci Fireball Ultraxion *56156*
[22:04:12.150] Ultraxion's Ignite is refreshed by Pichenci
[22:04:12.980] Pichenci Fireball Ultraxion *55935*
[22:04:13.235] Pichenci Ignite Ultraxion 37567
[22:04:13.703] Ultraxion's Ignite is refreshed by Pichenci
[22:04:15.248] Pichenci Ignite Ultraxion 35381
[22:04:15.530] Pichenci Pyroblast! Ultraxion *70140*
[22:04:15.530] Pichenci Fireball Ultraxion *56003*
[22:04:16.129] Ultraxion's Ignite is refreshed by Pichenci
[22:04:16.129] Ultraxion's Ignite is refreshed by Pichenci
[22:04:17.104] Pichenci Ignite Ultraxion 33936
[22:04:18.211] Pichenci Fireball Ultraxion *56218*
[22:04:18.892] Ultraxion's Ignite is refreshed by Pichenci
[22:04:19.140] Pichenci Ignite Ultraxion 33012
[22:04:21.241] Pichenci Ignite Ultraxion 33013
[22:04:23.262] Pichenci Ignite Ultraxion 33013
[22:04:23.262] Pichenci's Ignite fades from Ultraxion
Analysis (I'm listing travel bank only from the actual crit, without stacking):
| timestamp | ignite tick size | current tick | num ticks | travel bank 1 | travel bank 2 | notes |
| 22:03:42.708 | | | | 33576 | | |
| 22:03:43.070 | | | | 33576 | 33426 | |
| 22:03:43.117 | 16788 | 0 | 2 | | 33426 | |
| 22:03:43.519 | 22334 | 0 | 3 | | | |
| 22:03:45.220 | 22334 | 1 | 3 | | | |
| 22:03:45.606 | 22334 | 1 | 3 | 34017 | | |
| 22:03:45.606 | 22334 | 1 | 3 | 34017 | 42357 | |
| 22:03:46.345 | 26228 | 0 | 3 | | 42357 | |
| 22:03:46.345 | 29008 | 0 | 3 | | | munched |
| 22:03:47.098 | 29008 | 1 | 3 | | | |
| 22:03:47.826 | 29008 | 1 | 3 | 34086 | | |
| 22:03:48.428 | 30701 | 0 | 3 | | | |
| 22:03:49.116 | 30701 | 1 | 3 | | | |
| 22:03:49.116 | 30701 | 1 | 3 | 34566 | | |
| 22:03:49.663 | 31989 | 0 | 3 | | | |
| 22:03:50.538 | 31989 | 0 | 3 | 34565 | | |
| 22:03:51.100 | 31989 | 1 | 3 | 34565 | | free tick (crit-tick-refresh) |
| 22:03:51.191 | 43511 | 0 | 3 | | | |
| 22:03:53.132 | 43511 | 1 | 3 | | | |
| 22:03:53.255 | 43511 | 1 | 3 | 12136 | | |
| 22:03:53.807 | 43511 | 1 | 3 | 12136 | 34082 | |
| 22:03:53.994 | 33053 | 0 | 3 | | 34082 | |
| 22:03:54.577 | 44414 | 0 | 3 | | | |
| 22:03:55.154 | 44414 | 1 | 3 | | | |
| 22:03:55.802 | 44414 | 1 | 3 | 33933 | | |
| 22:03:56.397 | 40920 | 0 | 3 | | | |
| 22:03:57.161 | 40920 | 1 | 3 | | | |
| 22:03:58.527 | 40920 | 1 | 3 | 42866 | | |
| 22:03:59.141 | 40920 | 2 | 3 | 42866 | | free tick (crit-tick-refresh) |
| 22:03:59.251 | 41569 | 0 | 3 | | | |
| 22:03:59.354 | 41569 | 0 | 3 | 34240 | | |
| 22:04:00.059 | 52982 | 0 | 3 | | | |
| 22:04:00.633 | 52982 | 0 | 3 | 33971 | | |
| 22:04:01.162 | 52982 | 1 | 3 | 33971 | | free tick (crit-tick-refresh) |
| 22:04:01.276 | 64306 | 0 | 3 | | | |
| 22:04:02.167 | 64306 | 0 | 3 | 30923 | | |
| 22:04:02.838 | 74614 | 0 | 3 | | | |
| 22:04:03.203 | 74614 | 1 | 3 | | | |
| 22:04:03.718 | 74614 | 1 | 3 | 31157 | | |
| 22:04:04.432 | 60128 | 0 | 3 | | | |
| 22:04:05.171 | 60128 | 1 | 3 | | | |
| 22:04:05.824 | 60128 | 1 | 3 | 38562 | | |
| 22:04:06.487 | 52939 | 0 | 3 | | | |
| 22:04:07.204 | 52939 | 1 | 3 | | | |
| 22:04:08.298 | 52939 | 1 | 3 | 31111 | | |
| 22:04:08.954 | 45663 | 0 | 3 | | | |
| 22:04:09.233 | 45663 | 1 | 3 | | | |
| 22:04:09.794 | 45663 | 1 | 3 | 31024 | | |
| 22:04:10.536 | 40783 | 0 | 3 | | | |
| 22:04:11.214 | 40783 | 1 | 3 | | | |
| 22:04:11.394 | 40783 | 1 | 3 | 31131 | | |
| 22:04:12.150 | 37566 | 0 | 3 | | | |
| 22:04:12.980 | 37566 | 0 | 3 | 31008 | | |
| 22:04:13.235 | 37566 | 1 | 3 | 31008 | | no free tick? |
| 22:04:13.703 | 35380 | 0 | 3 | | | |
| 22:04:15.248 | 35380 | 1 | 3 | | | |
| 22:04:15.530 | 35380 | 1 | 3 | 38883 | | |
| 22:04:15.530 | 35380 | 1 | 3 | 38883 | 31046 | |
| 22:04:16.129 | 36548 | 0 | 3 | | 31046 | |
| 22:04:16.129 | 33935 | 0 | 3 | | | munched |
| 22:04:17.104 | 33935 | 1 | 3 | | | |
| 22:04:18.211 | 33935 | 1 | 3 | 31165 | | |
| 22:04:18.892 | 33012 | 0 | 3 | | | |
| 22:04:19.140 | 33012 | 1 | 3 | | | |
| 22:04:21.241 | 33012 | 2 | 3 | | | |
| 22:04:23.262 | 33012 | 3 | 3 | | | |
We see that there is no munching in the initial double crit from legendary (simc would munch this). Also aggregating the ignite stack there does not depend on there actually being ignite already applied. The simultaneous crit at 22:03:45.606 however is munched. Then again at 22:03:53.255, we have nonsimultaneous, but sequential crits before refresh result in no munching. Towards the end we then have another example of munching with simultaneous crit at 22:04:15.530. This would indicate that munching is not reliant on crit-crit-refresh-refresh sequence, but it needs to be simultaneous. It's possible that two very close but not simultaneous crits would also munch, but I wasn't able to find an example of this so far.
The most interesting case however is at 22:04:12.980. There we have an example of a crit-tick-refresh sequence, which has in all previous cases resulted in a free tick. What makes this situation different I don't know, but it shows that we don't have the whole thing quite figured out yet. One theory I have at the moment is that for a free tick scenario the time between tick and refresh has to be very short, but I'd need more examples to verify this.