So it's a bug even considering7.5.5 Math italic messof the reference luatex.pdf ?
--luigi
Section 7.5.5 is very vague, its example of \mathitalicsmode=0 or 1 show no difference (more exactly: I am unable to see any difference).
When we keep the example 1.$f!$, 2. $f$!, 3. $f\/$! and we say, that italic correction inserted is correct in all three cases (as XeTeX does it), then we can see:
\mathitalicmode=0: 1. OK, 2 bad, 3. bad
\mathitalicmode=1: 1. OK, 2 bad, 3. OK
\mathitalicmode=2: 1. bad, 2 OK, 3. OK
It is magic.
Petr