Okay, too late for embarrassement here. I've simply had my R thumb on the wrong side. That would account for Toolish's puzzlement as well re: a hooked lie at address.
With the L hand, shaft seems to lay just about under the crease where the fingers meet the palm--and of course, under the pad. In the R hand, shaft is laying just about across the same crease--where the fingers join the top of the palm, R thumb over the shaft on the fore side, 'bout 10:30 as you said.
Or, do you feel the R hand accomodates the shaft further past that crease and more in the palm?
Thank you both, very helpful.
Here's one subject where a picture is worth a thousand words. If you are a Hogan fan, for starters, look in his "Five Lessons" starting at page 18.
My book wore out long ago, so I checked out my copy of The Hogan Way which borrowed some of the illustrations. Couldn't find the same pic of Mr. Hogan's R hand on the club. From what I could see, it appears the shaft runs directly across PP#3, then just below (i.e., towards the pad of the hand) the finger's creases where they join the pad.
I'm guessing since Mr. Hogan said he wishes he had "Three R hands", the shaft probably lay a bit more in the pad then the fingers.
*I'm leaving for vacation from June 30th until July 9th. But I'll check back in for any more respones when I return.