Regarding the ball position, I think there may be a little something going on with the camera angle or he was hitting a long bunker shot. Guy taking the video is his instructor, Scott Hamilton.
Not much at impact and those wrists angles are coming out quickly.
Per the Hogan video title, you are right it's an E / Pitching wedge (http://www.golf.com/tour-and-news/final-duel-sam-snead-vs-ben-hogan-1964), but that automatically mean it's a full shot. Swing speed & body action look close to full, but follow-through looks a bit 3/4 to me. Per Power Golf his PW was his 50-105 yard club and I expect in the 60's his e-wedge loft was considerably stronger than his old set so it likely would have had a deeper range. But I agree it's closer to the max range side than the min range side so it's not a great 50-yard wedge / pitch example. Here is Hogan at a more intermediate wedge distance: