Cheap alternative to web hosting
Forwarding is immediate, so your visitors won't experience any additional loading time to your website.  Web redirection does not "cancel" the old address of your website either. You can still access your page with the old address (URL) or by entering your domain name. You will also FTP new pages the same way as you currently do. You will save heaps on web hosting charges by using the free site with your ISP.

See an Example

We must however Register the Domain for you, or if it is already registered, re-delegate it to our Name Servers as follows:

Primary Name Server: ns1.aust1.com
Secondary Name Server: ns2.aust1.com

How does Domain to IP Pointing works
You can use Domain to IP Pointing if your website has a static IP address associated with it. When someone looks for you on the Web by entering http://www, followed by your domain name, Domain Pointing sends them to the IP address you have specified. This could be any website on the Internet. You can point your domain to any site with its own IP address, or you can run your own web server with a static IP.

IP Pointing or Domain Forwarding?
Domain to IP Pointing is used to send visitors to a website with a fixed IP address. If the address of your site is a subdirectory of another domain, you should choose Website Redirection to direct people to your site. If you have your own server, or a static IP on someone else's server which resolves to your directory, you can use IP pointing.

Subdirectories look something like this: http://www.optusnet.com.au/users/~joe.
IP Addresses look something like this: 203.32.160.239