Yes, exactly. However, I usually try to taper the slot in the guard about the same rate as the tang, but the main thing is that it's tight on the front and there is enough slack for it to square itself to the shoulders. The flaring, to me anyway, is just providing more strength to the tang where it needs it most.
I also want the tang width to allow for ample material around the pins. In some cases I have seen, the tang was too small for the type and size pins the maker used and drilling the holes served to bisect the tang. That's not good.
By the way, other than adding a little flare, the tang in your illustration is just right to my eye. Lin