You only need the second command. cd is not needed. Once you issue
    . /Applications/CM/tex/setuptex /Applications/CM/tex
you should be able to run both
    mtxrun --script font --reload
    mtxrun --script font --list
Maybe try to run
    luatools --selfupdate
    luatools --generate
before that.


Ah, ok, it sets up the path for the session.
Done. The list does not include delicious as far as I can say, and the total is the same as before (161) 

 not delicious (I guess it's LM)

Looks as if something is wrong with filename database. Does luatools
--generate solve anything?


Worse :)
Now, in both circumstances (with type-delicious in /base or in the same folder of my test.tex file) compilation aborts.
l.3 \setupbodyfont[delicious]
                             
!  ==> Fatal error occurred, no output PDF file produced!
MtxRun | loading configuration for /Applications/ConTeXtMinimals/tex/texmf/web2c from /Applications/ConTeXtMinimals/tex/texmf-cache/luatex-cache/context/aac20ce207a097b4b480d7b5eb76554a/trees/d9ef00871d7b11751a275cffd8a85753
MtxRun | run 1: luatex --fmt="/Applications/ConTeXtMinimals/tex/texmf-cache/luatex-cache/context/aac20ce207a097b4b480d7b5eb76554a/formats/cont-en" --lua="/Applications/ConTeXtMinimals/tex/texmf-cache/luatex-cache/context/aac20ce207a097b4b480d7b5eb76554a/formats/cont-en.lua" "/test/test.tex"
MtxRun | fatal error, code: 1

Best

-a-




Mojca
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--------------------------------------------------
Andrea Valle
--------------------------------------------------
CIRMA - DAMS
Universitą degli Studi di Torino
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"
Think of it as seasoning
. noise [salt] is boring
. F(blah) [food without salt] can be boring
. F(noise, blah) can be really tasty
"
(Ken Perlin on noise)