I like this video and I think he clearly explains timing and technique. However one thing he didn't emphasize very clearly is that this is a refinement / energy balancing technique. This is not necessarily what you would do if you were still in early or mid development and were still developing branch structure or extending branches. I say "not necessarily" because there may be cases where you are refining one part of a tree, while another part of the tree you are still developing.
So yes,
@sorce, if you are still developing, using this technique would slow down your development because you are removing energy production and the rate of growth.
The other thing to note is that there are some exceptions to using this technique on all single-flush pines. The pine in this video is a Scots Pine which is considered a short-needle single flush pine. You have to wait a little longer before you pinch/cut candles on long-needle single flush pines like P. parviflora or P. strobus, because otherwise the emerging needles (from the cut/pinched candles) will elongate too much. At least... that is Ryan Neil's advice. I admit I do not have enough experience with some of these pine species since I was not able to keep them in SoCal. I am just now starting to expand my collection with a few white pine species and hope to gain more experience.