No. This is incorrect, the SMC does not have a reservoir, so therefore it cannot push new fluid through. It also does not operate from the force of the rear brake pedal, it works with the movement of the front tire and friction of the brakes which causes the SMC to operate. You must do it the way I've listed to bleed it correctly. I've stated this on the front page.
The caliper does not have to be high up, the bleed screw has to be facing up. That's all that's required, just like in the main tutorial picture.