The VC++ Redist is listed in some prerequisite doc. I don't install it myself, because it is included in our base Windows installation. My job is to cater for the Adobe installs (a headache in itself). Can't help you there.
Yes, you have the correct order, but you don't install Acrobat using MSIExec. The ExceptionDeployer installs Acrobat in the pre-pass. If you are only installing Acrobat, you won't need the Build directory at all (AFAIK). Just run ExceptionDeployer twice: first in pre mode and then in post mode. The post mode will install help and some other stuff (IIRC).
You can use my script at http://forums.adobe.com/message/6039529 It doesn't hurt to run MSIExec in Build for an Acrobat only installation. That's how we use it continuously.
My current headache with the script is that nowadays Acrobat, Muse and LightRoom need to be activated with adobe_prtk to suppress registration and eula. I just looked at it last week, but can't really work on it before next week. This week is too busy. I'll update my script when I am done. Oh, why can't Adobe just create an installer for us?