You have it right Nick.
I figured it out over the weekend. The schematic floating around is for the Sears 1482 Phasing Pedal that Foxx produced.
After researching the Foxx Foot Phaser over that last several weeks, It seems that Foxx produced the Regal Outa Phase, the Foxx Foot Phaser, and the Foxx Foot Phaser Studio Model 7.
The differences that I've seen so far between the Studio Model 7 and the Sears Phasing Pedal are:
Model 7
220µf filter cap and a 12Ω resistor in series with the DC jack
C16 & C21 are .1µf
Rotary switch with .47µ & 22µf tants for two additional speeds
Sears Phasing Pedal 1482
No 220µf filter cap, 12Ω resistor or DC jack (battery powered only)
C16 & C21 as per schematic .01µf
Speed switch as per schematic (toggle switch, two speeds, no additional capacitors)
I've sourced a DeArmond enclosure (same as Foxx) and 50 2N4302s. I'm going to continue to research this circuit to build a good replica of the original Studio Model 7.
I'll update this thread with a schematic when things are a bit further along.