This technique, for a flat serve, has two characteristics that I've seen before for other posters:
1) The racket face more faces the sky.
2) It uses
internal shoulder rotation (ISR) - as seen by the elbow shadows rotating - to move the racket head. The racket face mostly closes as it moves forward from ISR. This differs from the high level serve, where ISR mostly produces a side-to-side racket face rotation around a more vertical axis. .
That technique probably gets good pace because the large and powerful muscles of ISR are being used. Since all of the pace of this technique is developed by simply closing the racket face as it moves forward, errors would probably tend to be in the high or low direction, in the net or long.
This technique will not be useable for a kick serve because there is no way to get the racket head to rise rapidly as it impacts the ball.
It is not a Waiter's Tray Error even if the racket face squarely faces the sky because the WTE does not use much ISR and the OP's serve does.
Signature of a high level serve (slice). The OP's serve shows differences between the two red arrows in this picture. The OP's racket face at a similar racket position to the lower red arrow, but more faces the sky than 'the edge facing the ball' as for this high level serve below. Toly composite picture of high speed video. This useful camera angle has the camera mostly looking along the path of the hand.
See frames of OP's racket moving to ball at 22 sec. (Does anyone have the technique of extracting a sequence of frames from videos, as pictures? To match frames approaching the ball as show above for the two red arrows.)
You can see the shadows at the elbow that indicate ISR.
The OP's technique has the arm tilted more to the side and the racket shaft more vertical at impact. The wrist does not move much, just holds its angle as the arm is rotated forward by ISR.
BigServeSoftHands had one serving technique that is similar. He said that he measured a serve of 131 MPH, I believe, using a his similar technique.
The OP should compare his videos to high level serves frame-by-frame. I'll post two videos here later.