I am not so familiar with Albert Lee, but at quick glance his rest position on the guitar seems to be an extended wrist. That’s perfectly fine! I was referring to something else.
I was referring to stringhopping which is a knocking motion when doing a downstroke and another knocking motion when doing an upstroke! In other words, there is wrist extension on every pickstroke. To me, it really feels and look like my hand is bouncing when I try to pick fast this way. Stringhopping renders the picking movement very inefficient and limits people in their picking speed. It’s not something you should “try” but something you should avoid!
The problem seems to be that this is a natural way people develop to change strings when picking. Especially when starting slow and gradually increasing the speed. Stringhopping works fine at “slow speeds” but then you hit a speed wall which you can’t break without changing your picking motion.