At first glance it is better than some shoeing we see here but the hooves are heading for trouble.
If this farrier has been doing him for a long while and continues in this direction, it will gradually get worse.
The toe is too far forward. There is very subtle distortion in the front half of the foot that the farrier is not seeing. As the toe drifts forward he is "chasing" it with the shoe. Even though he did set the shoe back a little this time (a good thing) it is not nearly far enough back yet. The sole is stretched so the farrier can not see where the toe SHOULD be.
HOOF MAPPING would solve that.
The heels of the foot are too long, and therefore beginning to run forward and end too far froward. That is causing the whole"footprint" to be too forward from where it should be relative to the bone structure internally and likely the cause of the over reaching. The more these feet drift forward, the worse that will get.
As well, having more foot on the ground in front of the widest part of the sole than behind is a common cause of internal stresses that will eventually lead to navicular issues.
The frog is clearly getting unhealthy, narrow and stretched. And him peeling a lot of good frog off with the knife isn't helping because it dries the frog out faster and assists in shrinking up to nothing. Lowerring the heels of the foot will bri g the base of support back under the leg where it belongs and help get the back of the frog closer to the ground and het it function again. Bringing the toe BACK (NOT shorter from the bottom) will balance the foot around the bones better, help the horse move easier, and not overreach.
As well he uses plain flat shoes which do NOT help any horse move easier because a flat edge shoe fit to the edge of the foot interferes with movement and adds stress to the joints except in the softest ground. The harder the ground, the worse the effect. Shoes with rounded edges are far healthier for ANY horse.