My DPS went up 30% when someone spent half an hour with me at a target practice dummy and parsed for me, based on how I was doing it at the beginning of the session using macros to try and prioritize skills, and at the end after I had removed those macros from my crossbars and was using GCD/Instant interweaving. And that 30% improvement was before I got the additional practice that made this innate so I'm sure my efficiency gain was greater than that. Also, I had the instant buffs stacked on the same button so I could spam them and save space- but I like knowing which are on CD and which aren't, since I can use all of them together, and then use Hawks Eye/Internal Release again while the rest are 1/2 way back to being available, and then use all of them again once I'm sure they're available.
Anyways, to OP's post– if you're not going to use your cooldowns at all, doing this is better than that at least. But it's not going to work the way you want with Heavy Shot anywhere but the end, since anything that comes before it would move on to the next item on the list if it's on cooldown, but Heavy Shot will never be on cooldown so the macro effectively would stop executing there. Anything that follows it will fail to execute because of Heavy Shot's GCD.
Re the /p Silence- Just used it! <se.1><se.2><se.3><se.4> type macros I'm glad to see less people using them in dungeons every 30s when Blunt Arrow comes off CD. I have a blunt arrow announcement macro that I only put on my crossbar for a few specific instances where it's important to use silence on something. Like if Trial Roulette gives me Chimera. Half the reason is because if someone else is going to fail at doing silence/stun when it's their turn and mine is on CD, I want people to know at least I did my job. Like when I say I'm going to silence Rams Voice, and then the party gets hit by one Dragon's Voice after another that no one stuns or silences, hey don't look at me. Used to use the macro for Dira in CT but now I just save Blunt Arrow for her big AOE's while the two other bards in the instance run off the pad when they see it coming, I don't need to announce it since she'll be dead well before silence is needed again based on our increased levels of damage.