Hi, Bruce
Yes, you are correct. You need to set UART TX PCR to UART function. And enable single wire operation by setting C1[LOOPS] and the receiver source field,
C1[RSRC]. Setting C1[LOOPS] disables the path from the unsynchronized receiver input signal to the receiver. Setting C1[RSRC] connects the receiver input to the output of the TXD pin driver. Both the transmitter and receiver must be enabled (C2[TE] = 1 and C2[RE] = 1).
It is no need to set TX pin pull-up and open drain.
Best Regards
Paul