Hey Phillipe
Hangetort
Wie du das Hangetort in das werck richten solt, lehrt dich das Bild zur Rechten in obgedachter Figur, allein das darinen die Arm nit gnügsam gestreckt hie angezeigt wirt, Derwegen schicke dich In gemelde Hut also, stehe mit dem rechten Fuß vor, halt deine Wehr mit außgestreckten Armen vor dir, das die Klingen etwas undersich gegen der Erden hange, diß Leger ist durchauß fast dem Ochsen gleichförmig, allein das du im Ochsen die Arm starck in die höhe empor heltest, hie aber gerad vor deinem Gesicht außgestreckt sein sollen, unnd das Schwerdt gegen der Erden hangen lassest, darumb es denn auch das hengetort geheissen.
Hanging Point
Since you'll need to be in the correct Hanging Point during the work, look at the figure to the right of the above illustration. Even if the arms needn't be as stretched as here will be shown, still put yourself into the named Guard. Stand with the right foot forward, hold your weapon with outstretched arms before you, so that the blade hangs somewhat toward the earth, this stance is very close to the Ox in similar form, only different in that in the Ox your arms are strongly held in high mode, but here shall be directly outstretched before your face, letting the Sword hang toward the Earth, therefore it is named Hanging Point.
This is listed under the gaurd section of Meyer, So it seem's to me that if it is listed under the gaurd section evidently he intended it to be used as such, he does say that in the hand work you will use this position.
as an aside if you look at the figure on the left it look's like he is in a "thimb grip" if you try to cross your arm's while holding the sword normaly it is a strech on the right arm it is easier to kind of release the thumb.
well hope this make's sense.