Assess the combined standard, and be precise about which half failed. "Weak on chandelles" is not usable. "Narration stopped at the 90 degree point on both chandelles, and the roll-out was 10 degrees late on the second" is two observations, and each has a different cause and a different correction.
The most diagnostic single move is the two-error move. Standard 5. A candidate who names both errors and fixes neither has the knowledge and not the judgment, and that is a specific, teachable gap rather than a general weakness. It is also the gap most likely to matter in their first month of instructing.
Watch what happens to the narration under load. Silence under high workload is invisible to the person doing it, which is exactly why lesson 26 exists and why it is one of the four recorded phase 3 lessons. If it has come back, say so, and reference lesson 26 by name so the candidate can go back to their own written assessment from it.
Record what was not assessed. If weather cut the plan of action short, that goes on the list as not assessed. A real evaluator records areas not tested on the notice of disapproval, and a mock that silently treats unflown maneuvers as satisfactory is worse than one that ran short.
You do not set Tracker Status and you do not write the recommendation. Both are the Supervising Instructor's, named and dated, per cross-cutting requirement 9. Lesson 42 makes that decision.
Hand the completed deficiency list, covering lessons 40 and 41 together, to the Supervising Instructor and to the candidate the same day, and file it. It survives certification, and post-certificate mentorship consumes it in another project.