Yes, you're on the right track.

There is a bit of a difficulty increase from the Salikawood to the Phon Coast, but if you're all decked out in the best equipments you shouldn't have too much of a problem. Make sure your weapons and armor are up to date, and if you're still having trouble hang out in the Salikawood and gain a few levels. If you want to level more quickly you might try the Feywood. It's a bit more difficult, however, if you take it slowly you will make some good exp and loot.