Yeah, that looks fine and similar to the one I use. Just use a light touch as it will remove material quickly. By the way, where did you get that one? Mine is about due to be replaced and I've had it so long I can't remember where I got it.
Now if I could just talk you into going to a Frank Bowman ring too, you would be set...
(The Christen Eagle on the degree wheel has one of my hopped up Homelite 30cc engines on it. It turns an APC 16 x 8 prop at 9400 rpms.)
Have at it!
Take care,
AV8TOR