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Sending and receiving from specified origin and destination

Hello,
I want server 1 and server 2 to send and receive on port 1024 only from a specific IP address. Are the following iptables rules correct?
Server 1:

Code:

-A OUTPUT -d "Server_2_IP" -p tcp -m tcp --dport 1024 -m conntrack --ctstate NEW,ESTABLISHED -j ACCEPT

-A OUTPUT -p tcp -m tcp --dport 1024 -j DROP

Server 2:

Code:

-A INPUT -s "Server_1_IP" -p tcp -m tcp --dport 1024 -m conntrack --ctstate NEW,ESTABLISHED -j ACCEPT

-A INPUT -p tcp -m tcp --dport 1024 -j DROP

Thank you.