UniHamachi, you have it pretty well down but my approach is a little different.
Franks RedHot® Sauce is the gold standard for Buffalo Wings. Frying them is something that the Anchor Bar did originally and others started doing because it allows them to be cooked to order from raw to done in 10 minutes. I think baking it is actually the best way to cook them and if you are going to bake them for a while anyway Unihamachi, I'd just go all the way and finish them in the oven. The standard RedHot® Sauce recipe is below, with my notes in parentheses.
Franks RedHot Sauce Recipe
INGREDIENTS:
2 1/2 pounds chicken wings, split and tips discarded. (Do not use frozen wings! They are 20% chicken stock and as that leeches out while cooking, you wind up boiling them in the oven. They will cook fine but you won't have crispy wings. By fresh wings. They will be cheaper and more tender and it doesn’t take much to get them ready for the oven.)
1/2 cup FRANK'S® REDHOT® Cayenne Pepper Sauce (or more to taste)
1/3 cup butter or margarine, melted (but like most recipes, using butter over margarine improves the taste significantly.)
DIRECTIONS:
Place wings on rack in foil-lined baking pan. (you will curse mightily when cleaning this pan if you don't line it with foil.)
Bake 45 minutes at 425°F until fully cooked and very crispy,
turning halfway (turning is key. Also, do not overcook. If you do they can fall apart as you toss them later. See below. For those who insist on frying, this method actually oven fries them in their own chicken fat on the bottom of the pan. Just something to think about.)
Combine Frank's RedHot® Sauce and butter in large bowl. Toss wings in sauce to coat.
Serve with Celery and a good Blue Cheese dressing. Ranch dressing works well too but it won't take the bite off the hotness of the wings the way the B.C. dressing will. I'm not a blue cheese fan so I like ranch and use a 12 oz. Blue Moon to lessen the bite.

One more thing – You might want to try adding a capful of white vinegar to the batch as you toss it around. I like it but it is not for everyone and don’t add too much or you’ll burn the nose hairs off your guests.