According to the website:
http://www.farpointastro.com/farsight-product.html

That is exactly what you do. Please view the presentation there.

Here is a video on u-tube showing how it works. http://www.youtube.com/watch?v=XUcetBbEmmg

Hello. The stainless steel mounting stud is firmly hand-screwed into the binoculars' pivot point and a small hex bolt (wrench included) is then tightened to lock the stud to the binoculars. There is no need to overly tighten the hex bolt. I recommend using a cone washer assembly to provide the clenching tension that holds the binoculars rigidly in place when the stud is pushed down into the mount's keyhole-shaped slot. A detented locking plate is then swung down to serve as a safety measure. Regards, Joe