1. eliminate the 1-wire connector with the gray wire as it is no longer in use.
No, just ground that grey wire at the T-Stat housing. When it's grounded and you turn on the A/C, with the coldest setting, and fan speed set at 2 or 3, the recirculation door will open after 30 seconds to give you "Max Air".
2. get a new AC compressor pressure switch with 2 pins and a 2 wires pigtail.
Yes, I attached the link on post #3.
3. cut the Lite Green wire from the pressure sensor located on the accumulator.
4. connect the 2 wires coming from the new compressor pressure sensor, in line with the light green wire (one wire to each side of the light green wire I just cut)
Yes and yes.
5. cut the Dark Green wire coming out from the accumulator switch and going to the AC compressor clutch, and install a relay (following the diagram).
You don't need the relay unless you want to get full battery voltage to the compressor clutch. Just leave the Dk Grn wire alone until then.
if I got it right, then step 5 is optional, just to increase the signal going to the AC compressor clutch.
Yepper
Then you should remove the old compressor, orifice tube, accumulator, and condenser. You're gonna replace them all anyway. Make sure you get a Parallel flow condenser. Then flush the entire system. Check your new compressor to see if it shipped with PAG oil for R134a and how much. Take the correct additional amount of PAG oil, normally you need 8 oz total. Pour 1/2 in the compressor and 1/2 in the accumulator. Manually turn the compressor 3 or 4 revolutions to distribute the oil inside it. Then install the compressor, orifice tube, condenser, and accumulator, evacuate the system, check for leaks, and charge the system with the correct amount of R134a.
NOTE: This all is assuming you have an 88 or around there
and don't have the "Max" air button on the Control Panel. YMMV