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I agree with your strategy friggit. I am new to this forum. I passed L1 in Dec 2009 and L2 in June 2010.
I adopted and same strategy and made through the exam without any trouble. However, one thing I would like to add. After reading Schweser 2 times I used to skim through the relevant reading in curriculum to identify topics that were not covered by Schweser and believe me in FSA, Fixed Income and Portfolio Management, u'll need to refer to the curriculum a lot.
For practice use as many CFAI questions as possible (examples, EOCs, mock exams etc)

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