Its difficult to make such analysis, because coins were devalued, prices fluctuated, 1710-1790 no one was buying any swords, koku stipends experienced both inflation and deflation, but I don't think two ryo stipend is something that was actually meant in the text.
Generally a very good stipend was 150 koku. Top administrator for a top clan could make 500. The least stipend was often in 25-40 koku range, and in clans like Uesugi you were expected to have a side trade at this level. Hatamoto were more or less equivalent to a lesser clan serving a major Daimyo, so they are not one to one comparable to samurai.
The main question was how much spare cash existed after expenditures, especially since the system typically aimed for "zero" as the answer. The system was also "Pareto" designed, with sharp boundaries between the classes without "in between" steps like 120 or 225 koku.
Honami valuations are more or less fantastic rather than market based.
Very few clans which could more or less consistently acquire swords at high level. Probably most exchanges involving such swords were not purchases, but gifts. In which case Honami valuation suggests the gift's value...
Very good modern sword would more often than not be under 10 Ryo, quite affordable for the upper administration.
Then again the real market prices (i.e. pawn shops) constantly fluctuated and what would be taken as collateral at 100 Ryo in 1700 and in 1740 would be very-very different amount of material.