Yes that's the way I would install the mods. the only problem I have noticed in the order of the mods, is if you are using RFB on top of ROW and want to have the new Sun halo from ROW, the RFB will overwrite it with a smaller sun with no sun flair.
BTW I got the installation order after reading carefully in this thread:
http://www.subsim.com/radioroom/showthread.php?t=115258
That RSWD should be after TM.