By the time we get on to dynamic rigging there are many layers of interaction.
1. Length of section - As has been stated, the centre of gravity determines the incoming force.
2. Rope type and length within the system - let us assume in your drawing that you are decelerating the cut section and stopping before ground impact. We have a broad spectrum of rope choice from fully steel like static to rock climbing dynamic. Most arborists in England use a polyester/polyester double braid though a more stretchy polyester/nylon is becoming known. In fact choice of sling type determines peak loading too. The cut section can depart the stem at different angles depending on the type of cut and wood type. Ordinarily it will project outwards keeping the rope at least moderately taught as it does so. Ground rigger interaction begins here. Do we choose to begin running the rope immediately or pausing? The outcome begins to be determined.
3. Position of half hitch - This is always the point in contention. The placement of it determines the final hanging position of the cut section, butt tie hangs vertically, balance point tie hangs horizontally and all angles in-between. Each angle will have a different peak load. I agree with Mike and Pete that lowering the half hitch toward the cut DOES NOT decrease peak loading. As long as it is tied beneath the centre of gravity the cut section falls EXACTLY THE SAME DISTANCE. The half hitch should never be allowed to slip of the bottom of the cut section.
4. Position of the block - The block should be tied as close to the cut as possible. This is where climbers misunderstand half hitch placement. It is the block placement that determines extra kinetic increase.
As an aside, climbing line and lanyard should be tied, with one choking the stem, above the block and sling.
5. Dynamic movement at the anchor points - different cuts will influence the play of hinge released induced dynamic movement, so to will the decision of the ground rigger. And of course lets look at the tree in question. A 2M wide 15M tall beech tree will react differently to a 30cm wide 20 M tall red pine.
6. Energy transference - Where do you want to move energy to? I think relaying on the trunk to dissipate energy as the cut section impacts it is highly suspect, hazardous even, I do not recommend it.