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The Brightness control should do a good job at emulating slight over- and under-exposure (+/- 2EV).
But if you are trying to do some exposure blend, this won't really work. Exposure blend is done using 3 different pictures, to take advantage of the extra information in the light tones of the the under-exposed pic and the dark tones of the over-exposed one. So you actually add information in the picture. What you will do with your technique is ruin the color information in the under- and over-exposed versions(*) and add that to your original picture. So you will at best get what you would obtain by selecting part of your picture and adjusting brightness for it.
(*) In 8 bit processing, you have 256 levels per channel. All color operations map the 256 original levels to some other level. You have the additional constraint that the target levels are in the same order that their respective source levels (ie, the curve is always increasing). The end result is that you end up with less different levels than you started with.
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