Yep that is how you do it.
Set the dial to about 1/2 scale with the clutch pulled in against the pressure plate adjacent to a spring
rotate the clutch 1/6 of a turn, pull the lever and write down the readings.
Ditto for the other 4 studs.
Tighten the high ones loosen the low ones
Repeat the measurements
Repeat the adjustments
When you think you have got it pat. pull in the clutch and kick the bike over few times them measure again.
Eventually you should be able to get it dead square, but you are liable to die of old age first.
However when done properly it is a joy to use.
It is just a pia to adjust properly.