Joined: Mar 2008
Posts: 5,559
Likes: 53
From: The 'Wack, BC, Canada
Bikes: Norco (2), Miyata, Canondale, Soma, Redline
Greasing the inside and the freehub is a very good way to avoid rust issues. I strongly recomend it.
As long as you have the spline tool for tightening up the lock ring then the rest is just as you say above.