Hmm, be aware that it is really only correct if the source video was PAL.
If it was NTSC video or film before being PAL'd you aren't correcting the speed up and returning it to NTSC you're just making PAL video run on an NTSC player.
Besides that, the guide looks about right. Or if you're lazy, you can accomplish the same thing with a piece of software called DIKO which automates the process.