Quite extensive experience, from simple motor control, DC PWM boards, VFD’s, multi axis servo and stepper CNC, computer controlled pneumatics etc etc. Design, build, even control software. VFD’s and up will have a separate low voltage Estop so the device knows what to do in an emergency. The purpose of an EStop is to stop the machine in an emergency safely, isolate the controls and require a conscious interaction to reset. So in the case of CNC, many things may need to happen in a specific sequence to safely stop. With pneumatics, EStop may need to depressurise cylinders .. or ... maintain pressure .. pneumatic and or solenoid brake may need to remain pressurised/powered to allow machine components to be moved by hand ... which ever is safer. If you cut power to a servo driven ball screw, it can be moved by hand, a large stepper will just lock .. not very good if it's trapped your hand? Cut power to a VFD and there can be damage .. so a controlled stop is required etc etc hence a low voltage EStop signal to the VFD, and nothing to do with the diagram we are discussing. So the safe stop sequence (the fly wheel example is an excellent one) and final resting state is important depending on the machine you are dealing with and does not necessary mean just cutting the power, it can be very complex. With a simple power tool though, it is a lot simpler. The NVR ensures that, if there is, for example, a power cut, blown fuse, overload trip ... the machine will not randomly restart on it's own when the power is restored, it's in a SAFE state (while you are trying to figure out why it has stopped with your fingers in dangerous places). Our Dyson has removable brushes for cleaning, there is no interlock on the mechanism and it has no NVR, so if someone accidentality plugs it back in while you are cleaning it .. it might just start and take your fingers off. It can be on or off even when disconnected for the sake of an £8 switch. The CNC machine in my garage has little NEMA 17's on 4mm pitch ball screws and I can't stop it moving ... or move it when powered down without mole grips on the motor spindles. The EStop leaves it in a state where the axes can still be moved manually using cursor keys.
But here we have a very simple switch (a very very simple cheap switch) either connected directly to a low current motor or through a AC to DC PWM board to a motor (more common these days providing 180V DC to a brushed motor with PWM speed control (constant torque)). The OP is asking specifically about the KJD17. In the original diagram … the Estop as drawn, will still leave the start button live and functional. If it is pressed, current will still flow to the motor and the machine will operate as long as it remains pressed. It's possible that this may be a desirable safe state, so the machine can still be "jogged", I doubt it, but I can foresee circumstances where this may be desirable ... to allow a press that happens to stop at BDC to complete it's cycle to TDC for example? The KJD17 is a very simple cheap on off switch with only two contacts, it looks like a proper start switch but isn’t ... this is important. It has a circuit diagram on the side for a reason. The contact is made mechanically when the green button is pressed, the circuit is made, power can then flow to the motor and the coil and the contacts are locked by the coil until power to the coil is interrupted (what the red NC button does). However, the mechanical connection is made REGARDLESS of power to the coil and contact (and hence power) will be maintained as long as the green button remains pressed, the motor will still operate even if the Estop as drawn is latched and isolating the coil. A more expensive switch will have a third set of contacts to specifically power the coil on pressing start. It is the coil in the more expensive switches that makes and completes the circuit, and without power to the coil, nothing will happen, then you can have an EStop placed in the coil feed. KJD17’s do not operate like that, the coil only maintains the circuit, it does not initiate or complete the circuit and there is no separate isolated coil contactor. This type of switch requires an EStop wired to isolate the actual feed to the switch.
Why not try it? Go test it? Go get a KJD17, completely disconnected from anything, put a continuity meter across 13/14 and/or 23/24 and press the green button ... mechanical contactors make continuity regardless of any power to supplied A1. Go try it for yourselves. But do what you want, it's not my fingers / arms / neck. BTW, a typical 1200W (1-1.5 hp) hobbyish lathe / pillar drill / mill with a DC PWM controlled motor has plenty of spare torque to pull your arm in, twist it into a little tight circle and tear it off. Take care.
Edit: I also suspect that off red button on this switch mechanically forces the contacts apart rather than cuts the feed to the coil. I suspect this because if you gently press the red button, the contacts buzz and chatter. Never had one apart, but will next time I get a failed one... My mates has just failed so we will see.