deviner Does this seem like the correct method or not?
Perhaps, but I don't think cspace:rgb is sRGB. I think it's most likely NTSC, because of the legacy of Prisms.
The other complication is the rather aggressive tone curve built into the ACES RRTODT which will affect the result. To get the colors looking the same you would need to apply the inverse RRT as well, but this might result in impossibly bright colors.