Yes, I would install the center stand exactly as you describe.
I would use a pair of pliers to coax the circlip onto the end of the mounting pin. If necessary, you can use two pairs of pliers to grip, and spread the wings of the circlip. Widening the wings of the circlip might ease the installation.
__________________
Spud
"Never argue with an idiot. He will drag you down to his level, and beat you with experience."
Mark Twain
2015 Zongshen ZS250GY-3 (RX3)
2006 Zongshen ZS200GY-2 (Sierra 200)
2005 Honda XR650L
2004 Honda CRF250X
1998 Kawasaki KDX220
Mods made to my Zongshen ZS200GY-2:
http://www.chinariders.net/showthread.php?t=6894