Am I doing the right thing to overclock this?
That title asks for an opinion. Everyone will have their own.
If you are asking: I am going to OC it. Is this a correct way to do it?
Then you have the following options:
1) Optimal usage:
Read memory timing explanations on OC sites and HW sites such these: link,
link, link, link, link and link.
Read and reread until you understand it. This is very much not trivial. You want to understand the meaning of half a dozen variables and the difference between latency and frequency. You want to know what all the values are in the screenshot below:
Or, you can you for a reasonable OC.
In that case start with enabling XMP. The results of that depend on the RAM (and the XMP profile stored in it) and the motherboard, but generally it will set it to a stable max speed configuration.
This will not be the fastest it can go, but it is the fastest the manufacturer will guarantee that it works. If you want more speed than that, go back to the HW sites.
Note that is is possible you copy the XMP timing and increase them slightly, but that is not guaranteed to work. You will have to test after each change, and proper testing is more than just running prime95 for a few hours.
Then again, if you do not mind a crash per month or per week in exchange for a few % more speed, do try. Just keep a good backup of all important data on your computer and then go have some fun.