If anything I think it would be better to build a conventional line on the proposed alignment all the way to EMP.
I think I am pretty much a Parkway-sceptic as far as HS2 is concerned, and that's not really about the value of Parkway station itself.
Firstly, the route to Derby via Parkway is pretty indirect and I didn't think Derby/Sheffield would be any quicker than joining the existing network around Tamworth, which means a lot of the benefit would be capacity by essentially quad-tracking Birmingham to Derby.
However, if you're building this fantastic high speed line to Parkway then you want to sweat the asset. But if the whole point is to run from Parkway through Trent/Sheet Stores and into Derby or Nottingham, then either there may be a lot of money to be spent on upgrades, or you have to sacrifice local/intra regional connectivity between the 3 main cities (and there is probably significant benefits to be had from improving frequencies between the cities). I'm sure work was done but I never saw anything published that addressed it, I don't think the IRP did.
The original Toton EM Hub at least had some clarity of purpose that was basically about being an ECML bypass to get to Sheffield, Leeds and beyond.
Then add a 2tph from Curzon St to Nottingham
I agree, this could be the silver lining from Midlands Rail Hub East being postponed*, so much better than having 170s trundling round to Moor Street.
Leicester (entirely predictably) misses out again though.
*It is at least plausible that one reason why MRH East has been deferred is because it's been optioneered against HS2 to Tamworth.
Although the even more plausible reason is that HMT won't invest.