Yes, you are correct. However, for my testing, I didn't touch the trim levels on the subs themselves, because I wanted to be able to revert to the "double-EQ" solution if it was the better result. If I had touched the sub trims, then I would have had to run the AS-EQ1 calibration again.
However, even with the trims left untouched, the levels were within the acceptable range for the Sub EQ HT calibration. It's not the sub levels that I am concerned with, it's the levels of the main speakers. I would expect each of the calibrations in my test to have resulted in close main speaker levels. The consumer calibration was significantly lower.