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Do you want to distinguish between Bad Data and the Pt Created case, or is this just the same default bad value handling ? --> provide specific code, use myPoint.IsGood to be sure to work on numeric data. Stale data has to be handled individually. ( you can easily compare the snapshot event time with the current exetime, but that needs to be your code, of course. )
Handle the bad case(s) as needed.Probably Input Bad Value Substitution is not what you're looking for.
Output Bad Value Substitution is perhaps not flexible enough neither. I prefer to define the behavior in code, but you should be aware of that possibility.
"Calc Failed" should always be reserved for bad error handling ;)