The enantioselective reduction of prochiral ketones catalyzed by horse liver alcohol dehydrogenase (HLADH), was investigated via a hybrid computational approach, for molecular reactions involved in chiral synthesis of S‐alcohols, when the natural co‐factor, 1,4‐dihyronicotinamide adenine dinucleotide, 1,4‐NADH, was replaced with biomimetic co‐factor, N‐benzyl‐1,4‐dihydronicotinamide, 1. We surmised that different hydride and proton transfer mechanisms were involved using co‐factor, 1. An alternative mechanism, where the hydride transfer step occurred, via an η1‐keto‐S‐η2‐5,6‐1,4‐dihydronicotinamide‐Zn(II) complex, was previously investigated with a model of the HLADH‐Zn(II) catalytic site (J. Organometal. Chem. 2021, 943, 121810). Presently, we studied canonical and alternative mechanisms compared to models of the entire enzyme structure. We disproved the η2‐Zn(II) complex, and discovered a canonical hydride transfer from biomimetic 1,4‐NADH, 1, to the Zn(II) bound prochiral ketone substrate, followed by a new proton relay, consisting of a water chain connecting His51 to Ser48 that accomplished the S‐alkoxy anion’s protonation to yield the final S‐alcohol product. The HLADH catalysis, with biomimetic co‐factor, 1, that replaced the ribose group, the 5'‐diphosphate groups, and the adenine nucleotide with a N‐benzyl group, has provided a new paradigm for the design of other structures of 1,4‐NADH biomimetic co‐factors, including their economic value in biocatalysis reactions.