WD has a link that explains a lot of the color wheel mystery. The wheel shown in the opening post just does away with the inner circle of the video wheel that turns. Personally I don't use a wheel for complimentary color needs, but will use it as a guide to mix colors to achieve a different color altogether.
As a compliment color tool, I will only say that fish have a way of changing the game on many days and complimentary color may be the biggest game changer they can toss your way. As shown in the video violet's complimentary color is yellow [think chartreuse for fish] and this is a super good universal color for crappies, walleye, sauger, and sunfish members. Blue in the video shows orange as the compliment, but fish will often respond better to hot pink or chartreuse. When it comes down to determining what color of a tail will work best on a bait of another color, nothing beats simple experience....whip up a mess of color combos and use them. Take note of those that do you the best. Very often you'll see that what the wheel tells you is a compliment is not so. Like I said, fish have a way of changing ideas.
I'll add here that when you are working with this plastic and are making baits using a relatively transparent plastic color, expect so surprises when doing the two color shad bodied baits. As light runs thru one color into the underlying color you can see some muddling or dirtying of either or both colors where they merge. A lot will depend on the density [volume-wise] of the top color. May be tricked into thinking one color isn't quite right and try to amend it when in fact everything is fine with each color, just not on top of each other. Add a thin line of black between the two colors if you are hand pouring and you'll see your bright colors pop right back to life and that black line will create a very realistic lateral line in the bait.
To note: Don't expect fluorescent colors to behave as standard colors do using a wheel.