This style of lunge is actually slightly better than the forward lunge when it comes to building muscle, partly because it's harder to compensate with the lower back, so your form is better.
If your goal is to build your quads, this reverse lunging style also beats the forward lunge, which is better for glutes and hamstrings.
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Keep the arm that's not moving in the bottom position between reps. Lift your legs to increase neural drive and motor unit recruitment.