@troy_s
Okay, so in the normal eye, there are more L cones than any other. Stim the L cones only, with the L cones making up the majority of the luminance signal (with L cone peak being a greenish yellow).
And meanwhile the S cones are not contributors to the luminance channel (any luminance from the display blue primary is due to the stim of the M and L cones).
The sRGB red primary creates about 21% luminance.
The first image is a neutral grey of 21% luminance #868686 against #f00 .(equal Ys, 0 C vs red 104 C)
The second image is #f00 v #860000 (Lc25)
The third is #009494 vs #f00
(equal Ys — 33 C v 104 C)
The 4th is #d11 v #06f
(equal Ys & equal chroma)
Note: Ys is "screen luminance"
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Some very rough calcs:
#f00 mostly stims L cone to Ys=21.3%
#868686, the values are
R Ys= 4.5
G Ys=15.3
B Ys= 1.5
So #f00
L 16.6%
M 4.7%
L gets 3.5 x more than M
#868686
R
L cone 3.5%
M gets 1.0%,
G & B
Remaining 16.8%:
L 9.7%
M 8.9%
=
L for the Grey 13.2%
M for the Grey 9.9%
L 1.33 more than M