So . . . hands still on the TSP and the head is under.
I think that it still looks like the TSP (no head under). The set-up looks more wicked than it is. The camera is so much closer to Freddie than the Target that His Angles look very acute. However if you look at the Target and Plane Line Extension he's only about 20 yards to the right of the Target. That's about his standard draw. And if I'm not being deceived too much, his Ball appears more Forward, which is a good indication he intends to be rapidly closing the club face through Impact.