That is correct

THAT IS CORRECT- The understanding you have is right.
360 OVERHEAD-
(See OVERHEAD APPROACH.) ...

Touchdown on the water should be made in a pitch attitude that is correct for taxiing "on the step," or perhaps a slightly higher attitude (see Figure 9).

The compass would initially show a heading that is correct as the turn gets closer to south the compass would indicate a lead heading of the greatest error, as the aircraft passes through south the error would decrease and show less of a lead.

See also: Altitude, Direct, Speed, Flight, Navigation