This is pretty clever. There's a video by Jonathan Blow, creator of Braid and currently making a programming language called Jai, that talks about parsing expressions with order of operations. He gives an simple approach that apparently was discovered recently (though he didn't remember the paper name) that does this in a single pass and hardly any more complicated than what you wrote. You can see it here [1]. He also trashes on using yacc/bison before that and on most academic parsing theory.

[1] https://www.youtube.com/watch?v=MnctEW1oL-E&t=4578s