I think you are mostly correct, although on the Oregon Chain web site in the operating instruction for the 511A it states that not centering the chain vice will affect the cutter lenght side to side
Centering chain vice is a first time & only time setup. Once you get
chain vice centered DO NOT CHANGE THAT SETUP AGAIN.
MOTOR OFF!!! KEEP IT OFF!!!
Set head(wheel) to 30 degrees. This setting also is for all chain sharpenings.
Put a NEW chain in your vice. A NEW chain is the perfect templet to center
left & right cutter gullets so all cutters will be ground same height.
Turn vice to 30 degree left & pull wheel down (into) a gullet then tighen vice, adjust stop so it is snuggly against back of cutter. Release vice & wheel only.
Turn vice to 30 degrees right & pull wheel (down to) cutter gullet that matches that 30 degrees. It must match & go into that gullet with your finger holding that cutter against it's stop.
If it does not go into that gullet, adjust half of difference of each side until
they both match, go into cutter gullet & against stop, no matter which side of cutters are being sharpen.
Some grinder vices may not center at all. (Cheaper Grinder) You then will have to set stop one time only for all cutters to be sharpened on one side, measure sharpened cutter & then reset stop one time only for all cutters on other side to be sharpened.
When I sharpen a chain with a few damaged teeth on the chain, I sharpen
all the sharp cutters on chain a little at a time with one stop setting, again &
again,until I sharpen down to damaged cutters. Then sharpen all cutters on
chain again until damaged cutters are sharp.
After all chains are sharpened for the day then the rakers must be filed
down to the proper amount so chain will cut like a new one.
ALLWAYS GRIND LIGHTLY !!! SAFTY FIRST !!! WHEEL COULD EXPLODE
INTO YOU !!!
GOOD LUCK!!! fwilliams979