Hi Glen,
I think you are on the right track. To me the size and location of the notches (not including my sample) suggest a more ceremonial or utilitarian, than martial function. Having spent my entire life with the unpredictability of horses, if this notch has any equestrian function, it can only be for under the most calm and controlled conditions. Yet I have only seen this feature on cavalry blades both straight and sabers.
All the Best
Jeff
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