You should probably have said that this is using FSUIPC7. while the OP is using SimConnect directly. From the offset status documentation for 0x030C:
Vertical speed, copy of offset 02C8 whilst airborne, not updated whilst the “on ground” flag (0366) is set. Can be used to check hardness of touchdown (but watch out for bounces which may change this).
But you are correct in the way that FSUIPC determines this ‘touchdown vspeed’.
John