I have a Macbook Pro late 2011 with El Capitan.  I've had MS Office 2011.  Outlook connects to a live.com account and a gmail account.

I recently needed to do a clean restore of the OS.  Now I'm putting back the data and program files, which I have on Time Machine.  This is what I THINK I need to do, and if someone can help fill in the blanks, I'd appreciate it.

1) Download the current version of MS Office from Microsoft.com using the Product Key I have.  

2) Run the program using all defaults.

3) Using Time Machine, restore the Main Identity over the newly installed one?

4) Allow Outlook to synch with the servers ?  (How.)

Does this look right?  Am I missing something?