Of course it isnt likely - Id just forgotten that changing the knife to the other hand was a thing.To be bluntly honest, it's far less realistic than might be expected. With the effects of adrenaline in the situation, once the knife hand is caught, the immediate response (natural response) is to try to regain control of that arm (and thereby regaining control of the knife itself). It's only when that hasn't worked that the knifeman might (and I stress might) think of changing hands. The thing to realize about such tactics is that they are still fairly fine motor, and consciously made decisions, neither of which are really there for you in a high adrenaline situation. What is easy in training is damn impossible in reality.
The only real benefit I can think of is that it will gear the students up to be aware at all times of where the weapon is, in order to ensure that it is controlled at all times. But as a realistic tactic for an attacker? Nope. You're better off getting your students to handle someone trying to violently pull the knife out of the defenders grip... because that, alone, is very difficult to deal with, and essential when you are dealing with realistic knife defense.