Thanks, Kit!
Here is how I understand it.
I think the tripod perspective is a helpful cue to realign the movement pattern of the standing and walking, for example in a over-pronation scenario.
The problem that might arise from the tripod perspective is, that the weight of the body is not necessarily evenly distributed over the foot, respectively on all of the five metatarsal heads and the half dome area between the heel and forefoot. In the tripod scenario the weight is more into the heel and the first and fifth metatarsal head.
The functional foot as Lee defines it has the weight on the foot evenly distributed as a half dome. On a flat ground standing and relaxed foot, there is no transverse arch from the first to the fifth metatarsal and no longitudinal lateral arch from the fifth metatarsal to the heel. That´s a crucial difference to the tripod view, as far as I know.
To correct over-pronation I think Lee would at first create a footprint on a pedograph and analyze this "snapshot" - for example to look at the current stabilisation line of the hallux, the hight of the arch and pressure patterns through the foot during walking. He uses as well the "twisted plate theory" of the foot. A over-pronated foot might be to "untwisted" and "twisting exercises" for the foot might be helpful to mobilize the heel and the forefoot. The way a human walks, his squat ability, pain patterns, injury history, currents sports, age, weight etc. should be put into context with the snapshot from the pedograph. All this information can be used to find exercises to correct over-pronation.
This might be a simplification of Lee´s insights, anyway, that is what I got out of it.
If this writing needs more clarification, I will write more about what I learned from Lee Saxby and maybe you could help me to put it more into context.