Hi, John
yes, startup sequence is not determined by power good status of individual regulators.
However there is fault mode (described on p.17 MMPF0100 Datasheet).
If fault occurs and persists for 1.8 ms typically, RESETBMCU is asserted, LOW.
After 100 ms typically part will power off. To enter the fault mode, set bit
OTP_PG_EN of register OTP PWRGD EN to 1.
Also p.35 tells that each buck regulator has a programmable current limit.
In an overcurrent condition, if the current limit condition persists for more than
8.0 ms, a fault condition is generated.
LDOs have REGSCPEN bit, if REGSCPEN=1 LDO will be disabled.
Default REGSCPEN=0 (current limit), check p.84
MMPF0100 Datasheet (rev.6, 8/2013)
http://cache.freescale.com/files/analog/doc/data_sheet/MMPF0100.pdf