I watched this video around minute and gave up after hearing that PS4 and PS3 using proprietary filesystem, which not true... Both using UFS2 filesystem for user partition. PS3 using custom BSD based partition table, while PS4 using standard GUID Partition Table.
However, PS3 and PS4 encrypting their internal mass storage by unique key(s) per mother board. To get any data from that, You need have those keys which means You must hack Your console in the first place (of course using another HDD, to not write anything on media from which You want recover data). First barrier is encryption layer. Second are encrypted containers in which PS4 encapsulated data like saves or trophies. If You will able to retrieve those data, You will be limited to use them only on this specific console, not on another (but depend of location(s) and count bad sectors, logic structure of fs can be damaged enough to make PS3/PS4 will not accept it).
Besides that, "dead HDD" and "recovery data" is to generic term. In assumption You have bad sectors, You can make sector by sector copy omitting them (replacing them on the fly by zeroes). For which You don't need to bother about decrypting drive because data retrieved for such case is not needed to be decrypted but serving as source for "mirroring" drive to another.
And on top of that, if You performed full format (not so called quick format), You will be unable to restore any data because it not exist anymore. After quick format You still get clean fs tables so any data recovery can be possible based only on file signatures and for that You need decrypt drive.
In summary, be more specific what You exactly did and what You want to recover so I can tell You if it is possible and how to do it, or not possible at all. If possible and You don't want waste time, I can do that for You for a fee.