Yes in a nut shell thats the easy way to calculate the required resistance. No I did mean 4.7, but you can use whatever you like. My reasoning was I know the cut off voltage for my charger is 4.3V, and the next available resistor I had was 150k - this also allows for any voltage spikes. The difference in resolution of ADC bits between using say a 130k (4.5V max) vs 150k (4.7V max) is 1.96e-4 V, which is meaningless for this purpose.
If you're comfortable with using transistors to switch I can't see why not...