Whats the best way to update? Normally what I would do

Hi

Whats the best way to update?

Normally what I would do is this...

1. Take a backup of the database and files
2. Download the new updated plugin as a zip
3. Extract locally
4. Upload to the ftp and overwrite any existing files
5. Log into wp-admin and deactivate the plugin
6. Activate it again
7. Assume its all done

Is this the recommended (ie best and most reliable) way?

I did an update to Membership from 3.4.3.1 to 3.4.4.1 and looking at the documentation, there seems to be some things missing and I'm not sure if these are just removed or missing (in this case for example, I don't see any level shortcodes on Settings > Content Protection Options).

Thanks