Rather than just consciousness, you posit three things here, including the laws of the world and the illusions of material objects or events. The philosophical question is how these three things relate to each other, or which is primary.

As scientists have investigated what you'd call the illusory (misleading) contents of consciousness, a theme of their discoveries is anti-anthropocentrism. The more they've investigated the universe, the more naïve the early religious ideas and intuitions seem to be in taking the universe to be here for us. The scale of the universe is so vast, inhuman, and lethal to life that life seems an accidental by-product. The study of nature's "illusions" counts against the taking of consciousness or of personal deities to be ontologically primary.

I'm going to be writing about this soon, but I think this choice between anthropocentrism and anti-anthropocentrism is crucial to the choice between naturalism and this kind of mystical monism.