It's well-known, due to work of Fontaine (see e.g. this), that if $k$ is a perfect field of characteristic $p$, then one can classify $p$-divisible groups over $W(k)$ by Honda systems. Namely, these are pairs $(L,D)$ where $D$ is a Dieudonne-module over $k$ (free as a $W(k)$-module) and a sub $W(k)$-module $L$ such that composition $L\to W(k)/FW(k)$ induces an isomorphism $L/pL\to W(k)/FW(k)$.
I have always interpreted this in the following way. A $p$-divisible group $G$ over $\text{Spec}(W(k))$ is (by algebraizability) a $p$-divisible group over $\text{Spf}(W(k))$. One can interpret such data as a $p$-divisible group $G_0$ over $k$ and, thanks to Grothendieck-Messing, a submodule $L_n\subseteq D(G_0)(W_n(k))$ for each $n$, where $L_n$ is required to be free, and to be 'admissible' (in the sense that $L_n/p L_n$ is supposed to be $\omega_{G_0^\vee}$ (note that I'm using, to be consistent with Messing, covariant Dieudonne theory). Of course such data needs to be compatible in $n$. It seems to me that one recovers precisely the notion of Honda systems by taking this system and taking the limit. Thus, one seems to recover the classification of $p$-divisible groups over $W(k)$ from Grothendieck-Messing.
But, as far as I can tell, the approach that people usually take to the equality between Honda systems and $p$-divisible groups is via (the admittedly more concrete) approach of Fontaine using the logarithm map.
It seems strange to me that if one can recover this interpretation of the Honda system classification of $p$-divisible groups over $W(k)$ that it wouldn't be mentioned in the above article of B. Conrad. Also brief searches in google with the key words "Grothendieck-Messing" and "Honda systems" turn up nought.
Is there some subtlety that I'm missing, or does the above actually explain the classification of $p$-divisible groups over $W(k)$ by Honda systems.
Thanks!
EDIT: User nfdc23 states below that one does obtain this classification of $p$-divisible groups over $W(k)$, but it is not so obvious that it mathces, on the nose, Fontaine's classification. Namely, if $L\subseteq D(G_0)(W(k))$ is the admissible submodule from Grothendieck-Messing is it true that $L$ is the kernel logarithm map from Fontaine's work?
I will think on this, but if anyone has a quick answer, I'd love to hear it!