Best Filesystem cache settings

So just a quick query. At present I have the original global caching setup enabled via Filesystem, which works well:

Code:

$config['cache']['enabled'] = true;
$config['cache']['provider'] = 'Filesystem';
$config['cache']['config'] = [
    'directory' => '/myfolder'
];
$config['cache']['sessions'] = true;

After doing a lot of reading, I think that in order to enable Guest Caching the best approach is to do this is below. But am I correct? Take note that the "/myfolder" is just an example...

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