Brian:
Since oldtimers and some scale models often have undercambered wings, I've evolved one two more "wrinkles" to your planned method. I brushed Coverite Balsarite thinned 50% on the undercamber of each rib. Starting from the center and moving chordwise and spanwise - as in your plan - tack them down before the full temp shrink. But the second wrinkle is as follows.
As you can see in the photo of a deeply undercambered wing of my 1912 Blackburn Monoplane, I use fine pins (My set of Profi pins is what you see but no longer sold by Hobby Express. A good substitute is found here
http://www3.towerhobbies.com/cgi-bin/wti0001p?&I=LXRRG8 and I use mine in
every project because they don't split balsa when pinning.) to hold the covering in place. That way I can get all the big wrinkles out and tack with the covering iron pulling the pins as I go. The covering remains in place as you proceed.
Hope this helps.
(You can use dressmakers fine pins but I love the plastic "barrels" that give you more grip and control than the conventional T-pins. In fact, I'm going to order a set from Tower now, since I find them so useful.)

Steve