Dear Alan,
Your rewriting is basically correct. I would prefer
"With (or as a consequence of) cessation of ignorance, which is its complete
fading away comes/follows sa'nkaaranirodho"
And avijjaaya should come before nirodhaa. asesa- is grammatically
apposition as in the kammadhaaraya compound.
"avijjaaya nirodhaa asesaviraagaa sa'nkhaaranirodho"
Best wishes,
Ole Pind