That's the way. The fabric won't pop...it's tough as heck. You can do a shrink to 275• or so to get close and then cut the slit in the fabric and force the pegs through then iron the fabric everywhere except in a 12" circle around the holes. Then after you put a reinforcing patch around it you touch it up with a small iron.
i'd be curious to see that technique done as I couldn't really get the fabric to lay out while also passing over the tubes

