There are a few flaws in the plan. I a 100 plant plot, 50 of them are going to be male. Selecting 40 females out of 50 isn't much of a selection. He states that "The actual number of plants that survive will be much less", but he is keeping seed from the 40 best females, while at the same time selecting for "high THC, high yield, pest resistant, mold and or fungus resistant, (what ever you want)"
He's kept practically everything and open pollinated with everything. Where's the selection?
Second Cycle. He starts again with a 100 plants. What, 2.5 seeds from each of the 40 selected mothers? What is the probability of each mother producing a daughter?
For the first time he culls 50% of the females, but takes a step back again by using most of the males. I wouldn't expect too many mutations.
Third cycle. Presumably he starts with 5 or so seeds from each mother and culls about half of the females, again using most of the males, of which all were fathers unknown and keeps 10 females.
Fourth and fifth cycle are a repeat cull 50% 0f the females each time, but with little male selection.
The guy is an armchair breeder who has wasted 5 years on a bunch of seeds with unknown parentage. Many of the potentially good combinations were lost due to lack of numbers.
The whole plan sounds a bit "Plastiki" to me. Repeating words like "open pollinated" and repeating phases like "while at the same time selecting for "high THC, high yield, pest resistant, mold and or fungus resistant, (what ever you want)", strikes me as glib. Paying lip service to something is not the same as doing it.
I'd suggest that your friend skip the first 5 years of his plan and go straight to his short cut after he has decided what he likes from the many lines available today.
If you friend has impressive weed, I'd say it's because he can choose from 5 crops of 100 plants in different locations and not because his plan has much merit.
I could be wrong, but somehow the story seems a bit, ... contrived.
N.