Your blue disposable bottle is propane. If you zoom in, you can read the label.
So is your large red exchange cylinder.
Your torch is designed to screw onto the disposable cylinder and run off the propane at full pressure. Which is about 10 BAR at room temperature. Or about 4 BAR at 0C. But can rise to 20 bar or more at say 45C. Or 30 bar at 80C
That regulator on your red cylinder will be reducing that pressure drastically. Typically some adjustable ones can be adjusted between 0.5 and 4 bar. But others are lower, say 0.5 to 2 bar. What is marked on yours ?
Whatever it is, you only have a chance of using it if you turn it up to the maximum pressure. If that doesn't work, then you will need to rig up a direct connection to the red bottle, not using a regulator. This is not advisable. You might be able to cobble something together out of parts, but you must also use a specialised high pressure hose. Even then it would be extremely unsafe, any damage to the hose and full pressure propane would be released, with no restriction on the flow. That is one of the reasons why blowtorches on hoses always use regulators on the cylinder, to reduce the pressure in the hose, and the regulator also limits the flow in case the hose is damaged.
What sort of hose are you using ? There are several sorts, all orange. E.g. see
Gas Hose | Natural Gas & LPG Gas Fittings | gasproducts.co.uk. There you can find hose rated to max. pressure of either 50mbar (low pressure), or 17.5bar (high pressure). Even the high pressure variety is totally unsuitable for direct connection to a propane cylinder. It is the stuff needed when using a blowtorch using a "high pressure" regulator, such as you have.
I think I see the date code on your hose. Is it really 1985-03 ? These hoses are supposed to be scrapped, five years after the manufacturing date. That's why its marked on them. They perish. Internally.
By comparison, the high pressure pigtails used e.g. to connect propane cylinders to regulators in eg. caravans, motorhomes, domestic installations etc. are rated to a working pressure of 30 bar, and a burst pressure of 90 bar. And have excess flow devices at the cylinder end so if the hose does burst the flow will be cut off. And also must be replaced every five years, from date of manufacture.
In summary, I think it unlikely that you can run your direct-pressure blowtorch via a hose from a cylinder with a regulator on it. Even then, only if turned up to max. pressure. I also warn you that the maximum working pressure of your orange hose is only 17.5 bar, assuming it is the high pressure variety. It is quite unsuitable for use with propane at full pressure. So don't even think about trying to rig up some sort of direct connection without a regulator.
BTW, jubilee clips are not really suitable for use on hoses for direct cylinder pressure. Crimped fittings, of the correct size, used with the proper tool, are the professional way to do it.
Just give up on the idea and use the disposable cylinders. FWIW you can buy a simple adaptor to convert your blowtorch to screw onto the ordinary butane/propane mix cylinders that are much more economical. This sort of thing:
www.amazon.co.uk/Faithfull-GZ170-Convertor-CGA600-Fitting/dp/B00FJ5FTFC/
That looks like a Gosystem torch to me. If so it might run on butane/propane. Might even run from say a 4bar regulator. But its only a little fine-flame thing so will sip gas.
E.g. the 400g US-style CGA600 propane cylinders your torch was designed for cost ££9.60 from Toolstation. Whereas a 350g EN417 butane/propane costs only £4.40. (this is where I get the gas for my plumbing blowtorch, mostly I use the cheap EN417 butane/propane with the adapter, otherwise pure propane or MAPP in the CGA600 cylinders, Toolstation have by far the best prices for all these gases. Proper plumbers prefer the CGA600 cylinders because they are far more rugged, it wouldn't be too difficult to tear the valve out an EN417 cylinder in an accident or drop.
Choose this 400g propane gas cylinder from Vortex for plumbing and other everyday work. It is a cooler alternative to Vortex Map-X, and is suitable for most brazing or soldering applications using a turbo torch. The cylinder fits most CGA600 threaded torches.The unique formulation allows the gas...
www.toolstation.com
Suitable for use with Campingaz® blow torches. Contains 350g butane/propane mix (70/30). Safe installation and removal with a self-sealing safety valve, the cartridge can be removed and re-attached, even if not yet empty.Yields high performance, even in cold weather. Sale will be restricted to...
www.toolstation.com