I'm afraid that is the only way you're going to mod your Switch. Alternatively (not saying you have to do this), just sell your Switch for an unpatched model.
Imo for Switch modding (if you can afford it) I would just recommend saving to buy an unpatched Switch for modding, and keep the other one for Stock Play.
Too often I see people want to play a stock, or online game while forgetting to boot without a CFW and / or mods, only to return with a banned Switch.
So if you can afford it you can designate one Switch for modding, piracy etc, to keep offline. And just have another one for stock-play without risking any bans.
Or alternatively, just yk, pay attention.