DOT 5 brake fluid is even better if you wouldn't mind spending another $4 or $5 for the 2 quarts. Castrol is a good brand of DOT 5, and you will have better fluid in there than the dealership puts in.
And that Motive bleeder looks like a really good one, but you can bleed your system without anything special. Just put a tube in an empty Mayonnaise jar. Put about an inch or two of brake fluid in the jar ... enough to cover the bottom of the tube ... attach the other end of the tube to the bleeder valve for each wheel, and have a friend pump your brake pedal. Watch the fluid coming out of the tube ... when it is clean, and you have no more air bubbles, that wheel's brake line is flushed.
But make sure you keep refilling the master cylinder ... That's important. If you let the reservoir go empty, it will suck air into the brake lines through the master cylinder. Generally, do 3 or 4 pumps on the brake pedal, then check the fluid level ... repeat. If you do get air into the MC, don't worry ... you'll just have to start all over again at the first wheel.
When you are finished with the first wheel, move to the next wheel and do it again.
Do your right rear wheel first, then your left rear, then your right front, then your left front. Do them in that order, and you'll be fine. You can even do this alone if necessary ... I've done it this way for 33 years with no problems. Usually with help, sometimes not.
Here is a picture of the bleeder jar:
http://i129.photobucket.com/albums/p204/cudaeh/mr2/33183f66.jpg
You can even bleed your brakes without taking the wheels off if you don't mind crawling under your vehicle.
Good luck.