[class.inhctor.init] doesn't immediately seem relevant to me. This wording is saying "the members of a base class act like members of the derived class by default, except for constructors; for constructors, [namespace.udecl] says how to get that effect". [class.inhctor.init] says nothing about that; it talks about how initialization is performed when a base class constructor is selected, which is irrelevant to what this wording is describing.

So, let's cancel this.