OK, your attic is about 540 square feet floor area, and you have about one square foot of net free ventilation, assuming the louvers have 50% net free area. That's somewhat less ventilation than the current building code requires. Without a vapor retarder in your ceiling assembly, you would need 3.6 square feet of net free area, but don't panic, there are hundreds of thousands and maybe millions of houses which have ventilation similar to yours and which function with no problems. You are not required to bring your house up to current codes.
For your walls, if you use R-19 or R-21 fiberglass, you should have a vapor retarder on the inside face of the wall, right behind your wallboard. Most insulation comes with a vapor retarder as part of it...the side with the stapling flange is the vapor retarder side.
If you place fiberglass insulation in your ceiling, I think you should use a vapor retarder, because that reduces the ventilation requirement to 1.8 square feet, which is much closer to what you have. If you were buying all the attic insulation, then there would be a point beyond which the return on investment would be so small as to make it uneconomical, but your cellulose is essentially free, so pile it on to your heart's content. Just dont pack it in down where the roof meets the ceiling...taper it off before that point, so that the roof plane remains as cold as possible as far down as possible.
Yes, I would say you're on the right track.
Architect (NY) and Home Designer (PA)