500 CPR HEDL encoder with line driver - How to wire and read it?

OK just had enough time to wire this up how I think it should be according to other examples. Ive posted an image of the setup here to show my progress and get feedback before I turn my ardunio on. Can anyone comment if I've got something wrong here(I don't feel like frying another board).


You might need to zoom in to see the pins on the plug.
Ive also left Pin 9 free for the moment as I'm sure how to use this reference pin code wise.