I'm planning on doing this to...
As I've never done one of these before, is the "bleeder" valve easily located by a red tip, when under the vehicle? And I guess that's a 1/4 to 1/2 turn clockwise to open up the valve.

Also, sounds like when attaching the hose to the valve, you have to make sure the hose is connected to a bottle that has 1 - 2" of brake fluid in already before pumping the clutch (must be an air pressure/bubble thing).