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You have pretty much hit the nail on the head.

i.e.:

move 'PGMNAME' to WS-PGM
CALL WS-PGM

w.r.t. linking. All programs that are going to be dynamically linked will still need to be link edited before being placed into the joblib/steplib library they are going to be loaded from. i.e. they will need to be linkedited as a main program.

this is not really my area of expertise so i do speak under correction here. Best bet is to try it out!