This is absolutely correct. However, don't make any adjustments to the low speed needle until you absolutely are sure you have to. I have 6 of these engines and I can't remember making a low speed needle adjustment on any of them. In most cases you will find that they will run fine right out of the box needing no adjustments. Too many people starting out in the hobby will start twisting the low speed adjustment when it's something else that's actually the problem.

Ken