That's how I did it the first time around. After I did it with a buddy though it works MUCH better. Basically, we did it the same way as the brakes. He holds the clutch down, I open bleeder, then close it and he pulls the pedal. Then repeat. Seems like there's no more air in the system.

As far as the clutch pedal adjustment goes. How do you guys know where to set it especially on a new clutch?