After some research and help from teh chaps on group study, I have now determined the correct order of BGP preference for BGP route filtering.
For inbound updates the order of preference is:
For outbound updates the order of preference is:
Note: The attributes prefix-list and distribute-list are mutually exclusive, and only one command (neighbor prefix-list or neighbor distribute-list) can be applied to each inbound or outbound direction for a particular neighbor.