As for the Exacta with it's built-in cutter, I've only used the camera a couple of times, never used the cutter feature, and haven't tried one of the old style canisters in it, though I have an old Leica one.
I'm happy to post some pics of the camera though in a new thread though.
My understanding of how it works is that you pull the cutter which separates the film, then in the dark, open the camera pull off the cut portion and load it in a tank. Then you respool the remaining film onto the take-up spool. So far as I know, using a Leica cassete wouldn't change anything in the procedure. The cutter is on the right side of the film gate near the take-up spool. So when the film is cut you end up with a leader sized protion out of the cassette.