No, you shouldn't be OK.
The article clearly states:
....Standard PC HAL is for any Standard PC, non-ACPI, or non-MPS (sic!).
Could be a 386, 486, Pentium, Pentium II, or Pentium III...You can use this
procedure only to upgrade from a single-processor HAL to a
multiple-processor HAL...
The best approach is to update BIOS and perform in-place upgrade
http://support.microsoft.com/default.aspx?kbid=292175
If you want following KB article 234558 anyway, copy and rename current
ntoskrnl.exe and hal.dll (keep the names short in 8.3 format) before HAL
upgrade and duplicate default boot line in boot.ini file with the switches
/kernel={renamed kernel.exe} /hal={renamed hal.dll}.