Hi there edward, yes you have to do that with it, off the top of my head its the alpha gain that you have to set to -0.5, rarther than go into a legnthy explanation of the settings and stuff theres quite a few videos on you tube about rendering displacment maps, best off doing a search for them.
Oh and on Pixologics site theres also tutorials there too using the Displacment exproter and then setting in maya etc etc
Hope it helps
"No pressure, no diamonds" Thomas Carlyle