Yes that's correct for maximum oiling, but I'd still pull the pump and replace the little roll pin as it's a slip fit crosswise through the adjuster screw & can now let the whole adjuster fall out. The "short" side of the slotted screw head is usually to the rear of the saw when you have it flipped over & the bar is pointing to your right. The orients a taper ground onto the adjuster screw body that the helix face of the pump end rotates against. There's also a cam cast on top of the pump body that the little roll pin follows, then it jumps a ledge when you push the screw in against spring tension and turn CCW, which allows you to go to the zero or off position.
I never look at the screw slot during reassembly, just look at the taper to set maximum stroke before the roll pin is pushed back through the adjuster screw. The screw pic in the ops manual is shown at max flow.
