That’s a not unreasonable way of doing it. The tower should come with full instructions. Assembling it shouldn’t take long if you’re halfway competent at height (although an assistant is useful). Level it when you’ve just built the first rise and got the first platform in, and I’d also consider tying it off to something at mid height, so you’re not constructing the top of it with the equivalent of no outriggers (normally you’d fit these when constructing the second rise).
In terms of tying it off – eyebolts would be fine. Be wary how you clamp to the tower itself though as the ally tubing is VERY thin – don’t use scaff clamps as they’ll just crimp the tube. Something like a 1/2T ratchet strap or even climbing rope would be fine – you’re not putting any sideways load on the tower when painting.
Brakes on when in use, don’t move it with someone up it, relevel it each time you move it. (technically you should reduce it to the first rise only before moving…!)