i've done as Brian. Also, stretch isn't necessarily a bad thing. For, as the tree starts to come forward, the tension in line will decrease. If no elasticity in line, the pull will lessen greatly/ unless pulling input force matches. But, with elasticity, the line can keep pulling itself , in addition to the speed of the input pull. This pull can be right at the right time to keep tree directed, and even force a stronger hinge if backcut can stop at that point (as opposed to backcut having to still proceed). Pulling someone out of a ditch with chain versus elastic line can be similar; as the vehicle comes forward, the elasticity can help keep on pulling at a critical time.
i still think up over the top and hitched at base is best, if for no other reason than being able to pull from higher more confident-ally, and flex the spar some, to imbue the same type of elastic keep pulling response from the wood, as we seek in the line. And also a heck of a lot easier to find hitch, unlace, and pull out with pulling force (that you haven't yet released).
But, also; the force at the bend will be greater at a cost of reduced/ less closer to perpendicular angle of pull. For, the there will be 2 legs of tension, but their median angle of pull will be less across the tree-except possibly on a forward leaner; where it can straighten out to more perpendicular to the spar. The rear leg of tension, can be sweated in, to increase it's tension; but further reduce the angle of pull across in trade, as the median angle of the tensions can now have more of the vertical/rear leg of direction on it... But, anyway; it all ways seemed to work out better for me.