D_Squadron
Now I'm really confused. Comes from having a blonde moment, I suppose.
At the airfields I fly at, there are many non-radio aircraft. Orbiting on finals is tantamount to suicide.
Going into a big airfield with ATCOs and if someone had said to me 'Hold Position' whilst on finals it would have been clear that they had misunderstood the situation. That is not an acceptable piece of RT for that stage of flight.
In my view I still think you should have gone around.