Yep, Dave Van Ronk's hand position is pretty bad sound wise and limits a lot of what you could play. That said whatever floats one's boat.
Classical guitarists generally play with the knuckles more parallel to the strings and the thumb out further from the bridge than the other fingers.
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Derek Coombs
Youtube -> Website -> Music -> Tabs
Guitars by Mark Blanchard, Albert&Mueller, Paul Woolson, Collings, Composite Acoustics, and Derek Coombs
"Reality is that which when you stop believing in it, doesn't go away."
Woods hands pick by eye and ear
Made to one with pride and love
To be that we hold so dear
A voice from heavens above
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