No, you're just doing it as if the meter were functional. It does sound like you have either a T or a Tn finder, though. The FTn finder doesn't have aperture numbers on the ASA dial. To index the lens on an FTn finder, you'd mount it with the aperture ring set to 5.6, then go to the minimum aperture and back to the max. aperture. The scale at the bottom of the nameplate would then show the maximum aperture of the mounted lens.
There are at least a couple chrome eyelevel finders on the 'bay right now that are reasonably priced. Ones that have the more desirable threaded eyepiece surround.
-J