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Yes I would DEFER.
I don't see that you have missed anything. I use these a ton for testing and they work great.
Generally I do these with everything oracle down.
Additional Information :
Virtual Machine Backup Guide - http://www.vmware.com/pdf/vi3_vm_backup.pdf
Consolidated Backup in Vmware Infrastructure 3 - http://www.vmware.com/pdf/vi3_consolidated_backup.pdf
Vmware Consolidated Backup Best Practices, Tips and Tricks - http://download3.vmware.com/vmworld/2006/bct4540.pdf
Edited by: mseberg on Nov 20, 2012 11:49 AM