Yes, that looks good. So much for rubbin' off the logos, eh?! Never seen that ADuM2402 chip, before. Very interesting...
I've got a Maynuo and a RS232 version of the isolating lead. For a while, I suspected that this was broken, so manage to rig up an (unisolated) replacement with just simple TTL>232 level converters. It worked fine. The isolating lead does no more than that - electrically isolate the signals at either end of the cable. This may be IMPORTANT because the serial connections at the back of the eLoad are connected to the -ve load input terminal, which of course might be +/- many volts from equipment ground! Fzzt...