Duplicating titles problem

(I may've solved this already - read the end first if you're in a hurry!)

Here's something I'd like to solve (NOTE: I'm still on Prem Pro CS3):
I'm making a title clip with a fade (I might be adding other keyframed efffects too). I want to duplicate that clip elsewhere in the sequence, but with different text.
If I just do a simple cut'n'paste, whatever changes I make to the text on either clip are applied to ALL the copied clips.
I'd like to be able to copy and paste the title clip as totally independant clips that I can change without affecting the original clip.
Currently all I can do is duplicate the title in the bin and Past Attributes from the original clip. This isn't ideal if I want to lengthen or shorten some of the titles (eg if there's more text to read).

Ahh, I think I may've solved it already: i) Copy the clip, ii) Duplicate the title in the bin and give it a new name, iii) Use "Replace With Clip" on the new clip.

Let me know if there's a better way than that. Thanks!
- Paddy