that is a bad and almost always too much weight "rule of thumb". In 25 years of teaching, from the cold of Canada to the warmth of the tropics.. I have hated that rule and seen it work to sell weights to students and overweight them greatly.
Start at 5% and do a proper weight check. Take buoyancy swing of whatever tank you are using into consideration (you can google those tables), make sure you can hold safety stop at ~300 psi. Then look at weight distribution. 80% of weight should be ditch-able, take the other 20% and try to position so that you are in trim. However, between proper weighting and trim, proper weighting is most key, get that nailed, then nail trim.