For some context, consider an idealized situation with a person, rigidly attached to the shaft of a bicycle wheel that can spin. sitting on a chair that can rotate. All bearings are frictionless. Initially, the person and chair are at rest but the wheel is spinning, say counterclockwise at rate $\omega_s$, around a vertical axis.
Next, the wheel is flipped over, so the angular momentum of the wheel is now negative. Obviously, the person must start rotating counterclockwise to conserve angular momentum. Since the person is rigidly attached to the shaft, the center of mass of the wheel would start translating in a circle around the AOR.
This is where the parallel axis theorem comes in. People I have discussed this with believe that $\overrightarrow L_f = \omega_f(I_{s,p}+I_w+md^2)-\omega_sI_w$ where m is the mass of the wheel, d is the distance from the COM of the wheel to the AOR, $I_{s,p}$ is the moment of inertia of the person and chair, $\omega_f$ is the final speed of the person-chair-wheel system, $I_w$ is the moment of inertia of the wheel about its axis of rotation.
Here is my rationale: assuming the mass of the wheel is entirely concentrated in its rim, and the bearing it is running on is frictionless, there is no way a vertical torque could be applied to the spinning wheel and thus there would not be a component of the angular momentum related to the wheel rotating around its own center of mass due to the translation of the shaft/wheel CoM (as would be the case for a rigid body; the only components of angular momentum related to the rotation of the wheel are $\omega_sI_w$ and $\omega_fm_wd^2$, and not $\omega_fI_w$. This gives me $\overrightarrow L_f = \omega_f(I_{s,p}+md^2)-\omega_sI_w$.
My understanding is that the parallel axis theorem is only valid for rigid bodies in which the body is rotating around an axis not at its CoM, which this system clearly is not.
What is the correct interpretation?