It is a good start, and he makes several guesses about things that we now know better.
THE book you want is the ketogenic guide to dieting by Lyle McDonald. I think it can be found on the Dave Draper site among others. Even Duchaine himself said that Lyle knows way more about it than he did.
Also, it is not a prerequisite of losing fat to drop all carbs. Also, this will be the most grueling test of your will you have ever faced. Dropping carbs is amazingly hard. Your brain will go into withdrawals, and will do anything to make you give it that insulin rush. Your dreams will be laced with candy and sugarplum fairies.