The mysqldump is to have in case you needed it as a backup.
Since you don’t care about the data you can skip that step.
Once you copy over the data directory though and update the innodb data dir you should be good to go.
All of this is why I am excited for engineering to get MySQL upgraded. MySQL Enterprise Backup can do all of this for us!
So:
1. Stop MySQL Server – make sure it stops cleanly.
2. Copy mysql/data directory (including ibdata, ib_logfile*) to the new location with the same directory structure.
3. Update my-spectrum.cnf file for data dir and innodb data dir settings from the doc link I sent earlier.
4. Start Mysql – test by attempting to access the database via command line.