This is the way AC is laid, except the purpose of the steel rollers is to make the surface smooth. Compaction is done with a rubber-tired roller. Normally, a steel roller is run behind the paver, followed by the rubber- tired roller and then, after the material has cooled somewhat, a finish run with the steel roller. The purpose of the water is to keep the material from sticking to the roller.
RC can be mixed at the plant and trucked to the site where it may be laid with the paver or simply dumped on the road and spread with a blade (grader). Or sand is dumped on the road, oil shot onto it with the distributor and then mixed and spread with blade and finally rolled with a steel roller.
In either case, the road often gets seal-coated to renew the surface and seal the cracks after, perhaps, ten years of service.
Jerry