You're not too far off.
In the front I would flush the front forks and make sure ALL the old gunk is out of them, replace the seals if they're leaking, and put in the CORRECT amount of Bel Ray 15w fork oil. If you add air do NOT add too much. The forks take only a few pounds of air. You may not need different springs. I definitely would do the fork cleansing, fork oil and seal replacement first to see how the forks feel before fiddling with different springs. Personally, I think it's a big mistake to change too many variables at the same time because you can't tell what's effect each is having.
In the rear I would toss the old shocks and install QUALITY replacements. They don't need to cost $1,000, but quality shocks will cost $300 +/-. Personally, I have been extremely happy with my Hagon shocks, but there are other quality brands available . Just don't bother wasting money on cheap junk shocks as they will not work well or last long. If you need info on Hagons just task. Ed