As far as the cable goes I wouldn't bother, bought similar myself years back for the same reason, but never got it to work for the most part, and when it did work it quoted days to finish the job, ever since then I just slave the drive into the system, easy and quick to to for a temp job, and works so much faster, the cable is only worth it if there are only a small amount of data to transfer, but it seems that you have that backed up now so it's not such an issue now.
Next is cloning the drive, never done it on a regular basis, but it appears very straight forward following on screen prompts, there is a manual on the download page, page 15.1 would appear to be the main section to start the job, but it never hurts to start from the beginning as there may also be other useful info relevant to you, you can find the software and the manual for download on
This Page.
What you were told about the installation is pretty much what I suggested, info seems contradictory at times, at least what I have seen anyway, so you now have 2 possible ways to do this, either clone the drive, which would be the fastest option if you have no other reason for reinstalling, or you can try a fresh install, if it works great, if it doesn't it's back to cloning.
Drive letters are awkward when it comes to the C drive, you can change any drive letter except the OS drive, so the easiest way I have found to keep the OS drive as the C drive, is when doing a fresh install disconnect ALL other hard drives, and all memory card readers, as these can get assigned the wrong letter(s), DVD drives are not a concern, mainly as you need it to install, but it can be changed easily afterwards if needed with no risk.
The installation pre selects the drive designation for the OS installation, doing the above helps ensure you keep the C drive as the OS drive, but this is only during a fresh install, when it comes to cloning I honestly don't know what to expect, the fact it's a clone, it should retain the drive designation it has now, then it is a simple job to change the hard drive boot order and priority in the bios when cloning is finished, and you tell the bios that the new drive is to have priority, and should be the 1st boot device, followed by the optical drive, others may prefer having optical drives 1st, then hard drive 2nd.
Draw backs for this are if you leave a bootable disk in, it will pick that up, and it also slows down booting as it scans the optical drive before moving on, on the plus side, if your not comfortable going into the bios and possibly need the optical drive being bootable for rescue disks is anything goes wrong, it means they don't have to touch the bios, so it depends on how happy you are changing such settings, if you are happy to change settings, and you see a floppy drive listed\enabled, and your system doesn't have one (many if not all new systems don't these days), set that to disabled, and disable any further boot options such as network etc, if they are not used, then they are not needed to be enabled, hope this helps a bit anyway.