In essence, yes. But with cambered airfoils, because of their poor inverted performance, the best method is the 'dive' test. Simply, enter a 30 to 40 deg dive from trimmed 'S&L', allow the speed to build, then release the elevator. The required reaction from the model is a gentle pull out to S&L. Quick pull out = balance too far forward, steepening dive = balance too far aft.
Evan, WB #12.