Yes,
That is the position exactly. That way the tip of the knife sheath is not really going to be poking the truck seat or what ever you're leaning against. I had Kenny Rowe (Rowe's Leather)come up with a similar carry for My G3 Camp Knife. So far, I have had oportunity to sell all of the knives with their sheath, but I will be keeping the carry belt and shoulder strap for the next knife. I always have one finished and one on the bench. A large knife has become important to me. I have to leave for a show in a few minutes, but will try to post a picture of mine soon.
I enjoy seeing that you are excited about it as I am. Lin