Correct. In fact (sorry Hatch), Canon suggests using vertical surfaces that have good contrast and not a sloping chart.
had to jump in here.... you know..... in support of my partner and all.. lol...
If you look at the lens align.. you'll see that there is a vertical square shaped thing with some star looking patterns on it..... that is what you focus on.. the center one... great contrast for the lens to grab at...
The sloped chart to the right of that focus panel is just to allow you to see where the focus falls in real time.... kinda hard to see it on a flat surface... 
Limiting factor as far as I can tell is on zoom lenses... you have to find a "happy place" that covers both the wide end and the long end of your lens.... you can't set separate adjustments for each end....
Does all of that make sense...?
All in all... it's an incredibly useful tool and very much worth the peace of mind. Lord knows Canon Factory Service is unable to achieve such results with their fancy calibration equipment and trained employees.... why waste valuable time sending it in, when you can DIY... 
(jumping back out now...) 