Still not overkill...
I run a Jet 1100 CFM DC with pipe and hood right at the back side of the lathe, a 1000 CFM recirculating air filter at bed height and at the end of the ways, and a 1250 CFM squirrel cage exhaust fan to outdoors located at the oposite end of the shop from the lathe. But then, my shop is downstairs of the house, and my missus is asthmatic.
The Jet probably sucks up 90-95% of the sanding dust when sanding at the lathe. The recirculating air filter obviously does some powerful good judging by the condition of the filters (two stage), but it is the exhaust fan to outdoors that keeps dust, solvent vapors, and flatulence from escaping to my living quarters.
With all of that, the shop still must be vacuum cleaned and "blown down" regularly. There is still a lot of dust on the top of light fixtures, cabinets, sharpeners, etc., so I am certainly not at overkill level with all of this.
My Jet DC is set up with remote on/off and in an adjacent utility room. I run a small household HEPA filter in there with the DC, as eventually the walls and everthing else in there gets covered with fine dust that escapes the bag. I have just replaced the original bag with a felt bag, and have high expectations for that too.
I don't think you can ever get to total dust-free condition...but I've got another idea I am working on. (I'll let you know!)