Forth makes more sense when you can be like Chuck and design your own hardware. At that point Forth is more of a minimalist stack-based philosophy that consists of the minimal hardware + software design to accomplish something.
Is his way better? It likely has somewhere near the bare possible code and is very efficient system wise. If you wanted a minimal solution and could devote years to the project, then this is nice.
Does it make the best usage of developer time? Obviously not in many cases. In today's business world, you just slap some components together, do minimal acceptable testing, push it out and go to the next thing. Cost is important to the customer, so as long as somebody is willing to do that kind of work, everyone has to. Of course the downside is that we've accreted all this tower of abstractions and complexity going from OS to JVM to libraries and source. We already have tons of COBOL that can barely be maintained. Next will be the large Java and Python codebases.