Scott:

That is correct on the leaning technique, but that won't result in 120dF ROP shortly after takeoff.  It will be much richer than that (250 or so ROP) until you gain quite a bit of altitude. By 12,000 feet or so, that method will usually result in the engine being near best power, which is what you want as you climb higher a NA engine.

BTW, you can download a free PPT reader off of the net which will come in handy for quite a few things in the future.

Walter