Yeah, that'd be about it - 2 part crankcase/tranny case, you want it upside down to get the bottom half off with as little disturbed as possible/practical (eg leave head & pistons in - with oil WELL drained - and probably generator & clutch out as they'll either span or cover items that span the split-line.... Once you can get to that shaft, it's dismantle as described (Pullers?) and replace bearing (might need a press and/or heating the bearing - old saucepan on a camping-gas stove could do) then replace all seals just in case & reassemble. Not trivial but if you can allow a good few nights to take your time and triple-check everything you might surprise yourself!
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