Yup, that's the minimalist way to do it. On your motor you will need to remove the top bolts, loosen the lower ones. Make sure you reseal them all after. Also check to see how it effects your steering cable'n linkage. Since it doesn't sound like yer gettin too radical that shouldn't be an issue. But sometimes that can be a trouble spot.Easy and safe way is to get a buddy over just to help balance. While on the trailer crank down the front of the trailer and then put some wood blocking under the skeg, loosen all bolts and then crank the trailer back up until the motor is where you want it. Seal up the bolts real good and that's about it. It's really easy this way you just need some help with the balancing part but honestly it should remain fairly still while you do it.
Good luck
Dave