I was just having a discussion about this at work. A guy that I work with really likes to do what he calls a 'snap cut back cut' or Murph calls a step cut. (I call it a step cut) Dwayne, who I work with insists that placing the back cut higher than the plunge is the way to go, however Murphy preaches below.
On this I have to side with Murphy, I think lower is better for a few reasons. First if it goes prematurely for any reason making the high back cut it is bye bye saw.
Second in my opinion, the lower cut is more resistant to force in the other, off lay, direction; be it wind, lean, limb weight, whatever. Ill illustrate in my drawing
The yellow arrows illustrate the area of wood on the stump remaining after the fall. The hinge is set with the red, plunge cut, and the green represents the back cut.
In this drawing as the one with the higher back cut gets pushed backwards, in my undrstanding the wood, at the top of the yellow arrows acts as a fulcrum multiplying the upwards pulling forces on the hinge wood. Think if you set a block of wood, or some shims at the front of your face notch. when the log hits that it multiplies the force, the hinge wood pulls out and the tree falls. That step from the higher back cut does the same thing I think.
Looking at the second example, I believe that piece of wood coming off the bottom of the spar thats sits down on the back cut actually holds the tree much better.
I did this to a small tree, on that I could climb to the top of, a pine. I used my trim saw and I set it all up, rope, face, plunge, backcut. Then I pulled it but, the wrong way. Couldnt get it over, Billy got on the rope, the two of us couldnt get it to fall. Faced the rope the right way and easily pulled it over myself. Not a clinical study, and I didnt perform the same test with a high back cut.
In summary I do actually like the step cut as, I will admit, I learned from one of Murphys videos. The times I have seen it done with the high cut though I wasnt thrilled with, I much prefer the lower back cut and that has worked well for me.