Hi Chris
You had not posted the page for John Stephens so I was not able to see the original writing.
Yes it does look more like Ipplepen.
I came across this transcription which takes some guesses at words. One of their guesses is Ilfracombe
https://www.familysearch.org/ark:/61903/1:1:FL24-NZR------------------------
These were the siblings for Mary Ann Avery children of John and Grace
Elizabeth Avery baptised 1808 Modbury (see below)
John Avery baptised 1809 Modbury
I was looking for the father John Avery in the census and discovered that the family seem to have been in the Channel Isles at some point. As you know, your Mary Ann was there for the 1841 census.
Her sister Elizabeth Avery married on 22 Feb 1837 in St Helier, Jersey, to John Puckett, a stone mason.
They are living in Jersey for the 1841 census and are in Dorset for the 1851 census
https://www.familysearch.org/ark:/61903/1:1:SG2V-R4L (not a good transcription)
Elizabeth Puckett and her husband and their 5 children arrived in NSW on Wilson Kennedy in Dec 1852.
For Elizabeth it gives the following useful information - born in Modbury Devon, parents John and Grace father supposed to be living in Devonshire; Relative in the colony - sister Mary Stephens at Kissing Point.
There is a death for Elizabeth Puckett in Coottamundra NSW in 1881