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but it's this termination thing that has me confused.
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simply terminate the chain (as a whole) at both ends -- transmitting end and receiving end. The first and/or last device in the chain might provide internal termination. In that case, simply attach the BNC connector to it and enable the internal termination.
Have you considered getting a decent clock distributor, slaving it to the reference clock of your choice (either its own internal clock or else the clock of one of your converters), and distributing an individual clock signal to each piece of gear? Seems to me with so much nice gear, a clock distributor might be a reasonable investment.
-synthoid