Monte,
You have the parts sequence correct, paper gasket goes between the filter cover, and the engine case, o-ring, then the metal washer..
A debate remains between riders, as to remove the gasket or not.
Best that I can tell, at one point in time, and I don't know when, that there was some manufacturing variances, that the metal insert that the metal ring rests on, was put in to far, or the metal insert was not of the correct dimensions.
If it was to far in, the o-ring would not be compressed enough, to do it's job and lead to reduced oil pressure, and after a while engine bearing damage would occur.
I remember an article that stated the depth that the metal insert should be, but I have forgotten the exact dimension.
I personally have the original gasket on my filter cover, after 28 years it doesn't want to come off without a fight, so I leave it on.