Interesting -- instead of a shared neutral, the sub-circuits share a leg. For what it's worth, here are some snapshots of simulation of such a circuit, upstream ofnext to an equivalent pair of 2-wire circuits (240V and 120V). The "panel" is the 3 main parallel wires along the bottom. Snapshots taken at peak voltage.
closed circuits
with the MWBC's shared leg open:
with the MWBC's neutral open:
with the MWBC's legs swapped. note the effects on load balancing in the "panel" (bottom left L1 - N - L2).