The low side service port is the one that is on the accumulator. It will have a blue cap.
The high side service port (red cap) is on the liquid line that runs along the frame rail underneath the coolant bottle. It will be a 3/8 fitting most likely.(GM used a 3/8 high side service port on most vehicles, I guess to keep people from hooking up the hoses incorrectly) you may have to buy a separate high side service port specifically for GM products.
I would strongly recommend replacing the accumulator, orifice tube and back flushing the system (not the compressor) with a/c solvent or at least with ester oil.
The accumulator holds about 2 ozs of mineral oil and mineral oil isn't compatible with R-134a.
The evaporator and condenser cores hold about 4 more ounces of oil.
For best results, you should have the system evacuated for at least 15 minutes, preferrably 30-45 minutes, but 15 will do.
Then, follow the instructions given with your kit (most likely your kit only came with one hose).
Keep the can upright, so gas is allowed to enter the system, it will take its time about going from the can into the a/c system.
WARNING: DANGER WILL ROBINSON
If you turn the can upside down, liquid refridgerant will enter the system, and you may damage your compressor, because you can't compress liquid. POP goes the compressor.
If you want to speed up the process, set the can on or near the heater hoses or radiator hose or on the intake manifold, and every now and then pick it up and swirl it around a little bit. This will increase the can pressure. DO NOT USE FLAMES TO HEAT THE CAN. the can will become noticably warmer when it is empty.
One adjustment you may want to make is on the a/c cycling switch that is screwed onto the other port on the accumulator. After charging the system, if it doesn't seem to be cooling down enough, try turning the adjusting screw counter clock wise, no more than 1/4 turn. (R-134a operates at higher pressures than R-12, and adjusting the switch will allow the compressor to operate longer before cycling off)
Lastly, you mentioned schrader valves, the low side port probably has its own valve and you will need to remove the schrader from the accumulator. The high side will probably use the existing schrader valve.
I have used "probably" and other qualifiers, because I have not seen your a/c system or retro fit kit, and with out knowing exactly what you have, I can only give general advice.
Good luck and yes it is that easy. The hard part is figuring out why the a/c doesn't work at all.