Ozzy, isn't your main focus weight loss? If it is, you'd be better doing higher reps and shortening your rests. Gets the heart rate up and sheds those pounds. Training for strength is all well and good, but it won't have the effect on body composition a higher volume approach. High rep squats with low rest are particularly good. You could do something masochistic like 8x8 or 10x10 with a minute, minute and a half rest. Feel the burn.
According to the site, that's a myth http://www.exrx.net/WeightTraining/Myths.html