I think that is pretty accurate. Not totally. I think I’m using the term a little more “correctly” (no flex). But I think I’m dwelling on the minimal part of the message, where as lye is more about paring stuff down, generally.
But I think that Levon Vincent track is what I’m talking about in terms of that stone faced minimal affect. For me it crosses over that line of being a pared back, elemental track, to being merely a stylistically minimal exercise. 
Argh.
This is hard to talk about, because it is so central to art making.
What is necessary is very subjective, like I like tracks with four layers of string synths doing a chord progression over fast and intricate beats with a couple of lead lines working around each other in counterpoint, all orchestrated in a fast paced moving arrangement.
Then I like, like, a hip hop beat that is some drums and a single string sample chopped… and like just the instrumental version, the vocals taken out, leaving that huge negative space.
It is all good. Art’s too fucking tricky to try and hold down into one position. But Lye’s notion is a good thing to be thinking about when producing, imo, totally right, good things can happen when you erase, when you leave things incomplete. It is just a good perspective to look at your work with, SOMETIMES.
I’d still like to hear more, this issue is very interesting to me, and is an actual topic worthy of thought and discussion in production. Like Frag said, forums can be a time hole, but you can’t dismiss their educational value, like being enriched through the exchange of ideas. I incorporate shit I learn here and elsewhere ALL the time into my work, whether it be silly quotes from a video, to beat structures from a posted track I’ve never heard, or the application of a conceptual framework like this.
White Thumbs Up.