No, step 5 is necessary, especially on my bike because otherwise the bike suddenly slows down and throws me forwards as it loses speed, but I maintain it.
However, I should have said, "slightly higher rpm."
And as you and I both know Zoo, as you add load to the engine (by releasing the clutch) the speed at which it spins will be reduced as it has to do more work with the same amount of gas burning. This quickly and effectively matches rear wheel speed to engine speed, and if done correctly is really smooth, and it can be very difficult to even notice it was done, unless you're watching hands.
By doing it this way, rather then, "revving to the redline," you're starting to engine brake as you release the clutch and come into it smoothly.