Update:
the problem still persists. But I think I might have found the reason for the problem: When you move onto a sliding platform/pathway, as there is in Upper Guk, and try bandaging while you are "sliding" along it, the Bind Wound skills behaves in the same way 100 % of the time. This is where I have no problem reproducing the bug.
If you are standing on completely horizontically even ground, the bug seems to occur much more rarely than it does on a slope. So this might be tied to some "movement" your character does, after you press the Bind Wound Button. Maybe in the rare case the progress of binding actually moves you slightly, while you are "ducking", and this is the cause for the bug.
In any way, I remember Binding Wounds SUCESSFULLY on a slope while moving on Live, it worked 100 % of the time. Here it works 0% of the time, so I think this might be the reason for the bug in the first place.
Also, please care to respond if you are having the same problem. I talked to a few monks since the last post and everyone has had this problem before. Some people even called it the reason for not soloing anymore (ohi Ohfuggle)
EDIT: By the way, the "allow auto stand" and "allow auto duck" features are also turned off, so that's not the cause either.
Thanks for your work
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Iance