This is the better way to approach it for sure.
At least for us mortals.
One step fancier, but not exotic (ie. 5 gas analyzer combined with a load dyno) is datalogging MAP and acceleration.
Every decrease in vacuum with more throttle should result in more power.
I've posted a couple of snapshots where I did that.
Here's one, which does not make it to the enrichment point in part because too much timing.
Its difficult to "crowd" a vacuum long enoguh to get good readings. Better way would be on a closed course, starting from the same speed each time.
We've also discussed the theory a few times here.
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