We had a look at this in the sim some years ago and (allowing for 'wrinkly' memory lapses) I think the CSD version is correct.
Just one 'picky' point, the acceleration will be to 5 knots below configuration limiting..... it most certainly will not overspeed.
Irrelevant, maybe, but without VNAV being armed one supposes that FLCH will be engaged at the assigned thrust reduction point.