There is no 'alternate procedure' for Rwy 05 at Teesside, just the normal and a couple of variations for direct arrivals.
Are you sure you don't mean Rwy 23?
Also - losing height (which you mentioned in the last posting). Yes - nothing wrong with shuttling down in the hold to lose altitude before getting to a reasonable level to commence the procedure. ATC will not issue a level to another aircraft until they know it's been vacated. If you join high it is accepted that you may have to go round the hold in order to get down.
Bookworm
I think both our answers are correct. As you say, there's possibly nothing to stop you descending down to 1310 once you turn back towards the NDB. I was just taught that you don't descend until established on a defined part of the procedure, which the localiser gives you in terms of positional reference. Rushing the procedure and descending inbound to the NDB, not established, doesn't give guaranteed obstacle clearance, though it may be safe.
Also, following the racetrack outbound and then turning onto the localiser as I suggested means you get the chance for a stabilised approach earlier (700ft rapid descent before glideslope intercept will give you guaranteed level flight before intercept plus intercept from below).