Peter,
according to your initial video Dirk and I are obviously on the same page. It's a tailing loop caused by partially concavity in tip path early in the casting stroke, which doesn't have to be there.
However looking at your drawing, I don't disagree with how you explain the outcome.
Aitor made a brilliant video of me overhead casting filmed right down from a bridge. My rod plane was slightly tilted sideways as we all have it mostly. The unrolled bc wasn't straight but having a slight hang due to gravity. The moment I started the fc had simularities with your drawing. Just little less extreme. What that does is increasing the dangling end. Yes, on high line speed and/or wind one easily catches onself with the fly here (agree).
On long carries it all gets extra pronounced (further from straight path for the line end). The distance phenomenon comes in for all of us at some point. To answer your initial question: That's not a tailing loop. It's also not really a closed loop to me. A closed loop to me is one, in which low line speed allows gravity to pull the fly-leg down below the rod-leg, while both legs are in proper relation to the target. Now the dangling end can give the fly-leg a direction being too much off target and at long carries killing everything we'd call a proper unrolling.
In summary I differentiate between:
A) tailing loop (wave in the fly-leg caused by a dip and rise in tip path)
B) dangling end (line end can't follow tip path, because the unrolled line a) wasn't straight and b) wasn't aligned with the initial accel. tip path)
C) distance phenomenon (on long carries and high line speed it all gets that much pronounced, that the line end gets such a bad direction and crosses the rod-leg finally making the unrolling crash)
Regards
Bernd
P.S.: Paul, a video prof of a tailing loop on a broomdtick and I shall stay corrected.