Yes, this is correct, Chris.I'm not familiar with them. I've had quality oil lines and stainless worm drive hose clamps last 15+ years. I wouldn't hesitate to use them on this, but if I can have factory hard lines the whole way, I'd rather go that route. AFAIK, all that's needed for the Tru-Cool 40K is a splice fitting so you can cut the left side pipe (when facing engine) and reattach it rotated 180°.
That said, I think if I had it to do over again, I would go with a Derale transmission cooler with its own fan, and mount it either below the radiator, or somewhere else that's out of the way. The challenge I'm having with the Tru-Cool is that while it's super effective, it also reduces the airflow through the radiator, while increasing the temperature of that air, creating engine cooling problems when towing in warm weather, and necessitating a radiator upgrade in my case. It's possible that I would've needed a radiator upgrade anyway for the kind of towing I do, but either way, putting the heat from the transmission cooler in front of most of the radiator makes the whole cooling system less efficient, and really doesn't make good engineering sense.