The video reminded me a bit of this accident. Very different in size of aircraft but similar in outcome.
Yes, the physics probably will be shown to be similar.
However, probably not all that reasonable to compare the Perth mishap with Holland's cowboy attitudes. While the one, possibly, will prove to involve an unfortunate degree of inexperience ... the other pilot, while having considerable experience, led spades in wilful stupidity which proved to be trumps on the day.
Dr Kern's article is worth a read, I think.
While I'm not overly interested in buying into reruns of the downwind turn arguments, the presence/absence of horizontal/vertical shear is very relevant and is, I suspect, a major cause of much of the confusion. It is worth noting that the albatross exploits the latter consideration most competently.