djceri_q, You don't necessarily need to do that with the cup. It was really just an example although people have done it in situations where their power has gone off in the summer and the water temperature starts to rise, driving out oxygen. I would definitely get a more accurate pH kit. Although pH is not important in cycling tank (it will be all over the place as the ammonia rises and falls) you will want to keep a check on it after you add your fish. And the difference of a full point in pH is huge.
aaronc, I wouldn't do anything different until you are absolutely certain the cycling process has stopped. Give it a couple more days. If the ammonia still isn't being processed then you may need to make a change. As for your low pH, the soft water would actually mean you had a low KH (buffering capacity) which could make the pH drop if you have things like driftwood or peat that lower pH. A low pH isn't necessarily a bad thing. Some fish, such as angels and a lot of tetras, love lower pH water. Another good thing about low pH is that the toxicity of ammonia drops as the pH drops. Once pH reaches the low 6s, ammonia actually changes to it's non-toxic form of ammonium. That won't bother he cycling process though as the bacteria will still feed on the ammonium.