If the lower third of the sword is not sharp, as indicated by the gripping techniques, then the round the neck cuts should actually use the neck. Wrapping techniques used in the Chinese dao, use the neck as a fulcrum. Used this way, the stance should be left shoulder forward, with the sword wrapped around behind so it almost points at the opponent. I believe this is what the illustration shows. The cut, using the neck as a fulcrum can be done at a very close distance, or at full extension. The front leg can retreat at the same time, or the back leg can advance.
In the video the stance is chest at 45 degrees to opponent, and the neck is not used as a fulcrum. Power is reduced, and the total range of retreat and advance is reduced.
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