No. There is nothing else.
However....you may need to know a few things.
If your on 4S on 5.0.1 you need to use the latest Absinthe Greenpois0n.
If your in an iPhone 4, and on iOS 5.1.....you will only have a tethered jailbreak.
If your on an iPhone 4 on 5.0.1.....you ate good to go...and can untether jailbreak your iPhone 4 with redsn0w 0.9.10b6.
And, if you are on iOS 5.0.1, I would download iFaith IMMEDIATELY, open the app, and click the "Dump SHSH Blobs" button and follow the directions.
Also get the latest version of Tiny Umbrella, open it, plug in phone, and click "Save SHSH".
I would build a custom Ipsw with iFaith and save the IPSW on your desktop. that way if you have to restore....you can just restore back to 5.0.1.....and no 5.1.
But as far as jail breaking with redsn0w.......
All you need to do us plug in device, open redsn0w, click jailbreak....and enter DFU mode. Wait for reboot.
If your on 5.1 you have boot tethered with Reddn0w on every single reboot or jailbreak tweaks will not work.