I interpret it in precisely the opposite way!
"Position 3: Pilot reports ‘Callsign, (navigation aid designator) outbound’ (in
Figure 2 when overhead the beacon)."
Figure 2 depicts a hold and does not include a marked position 3.
Figure 3 depicts a base turn (teardrop) and position 3 is overhead the beacon
Figure 4 depicts an "alternative procedure" (racetrack) and position 3 is clearly abeam the beacon at the start of the outbound leg.
Thus I think that tmmorris was correct.