That's it. Whenever there's a new version you simply run the command and you can enjoy it. Remember, that you may need to close, reopen the PowerShell session if you have already used the module ...
It's better to make changes to functions.ps1, events.ps1 and designer.fbs. Changes to designer.ps1 will be lost in the next 'compile' if the changes are made there and not elsewhere. Made decision ...