I work between a computer and a modular synth most of the time, creating raw sound in the modular for use in the computer, or using the modular to send midi to the computer, or both together in a kind of spider web configuration. I never work solely on the modular though.
one approach I’ve explored has been using oscillators, feedback, karplus delay lines and filters to create raw waves that are full of harmonics, and waves of resonance that move unpredictability, rising or falling in intensity according to the amount of feedback. A drone, basically.
After recording large chunks of this sound, i would then open up five kontakt samplers, with the SIPS expression code running, all with slightly different expression parameters - different vibrato, different attack, sustain and release times, glide times, and so on. I also have on here five separate channels instances of a noise reduction plugin, usually izotope, also set to different configurations - essentially allowing more or less harmonics through, as well as changing the noise / tonal balance.
I would then send five channels from just friends, or tides, to the respective volumes of the channels, as well as the parameters on the noise reduction plugins. This would be a basic starting point for creating a pretty expressive instrument - sometimes it yielded startlingly realistic sounds, other times not so much
it usually sounds pretty interesting though, and definitely in the hinterland of acoustic / electronic / ??? sororities.
Sorry, I know you were asking for a modular-only example - I’m sure they are out there!