He had only one chance!
Liu Baoqi was Linghu Xuan's guard, responsible for his safety, and thus he would never unleash his full power and return to the Immortal Realm unless faced with a certain-death situation.
The Black Sword looked too ordinary from the outside, and it was even broken in half, making it hard to believe that this object, even if it had once been an Immortal Artifact, had now definitely lost its function, unable to exert any significant power.
Therefore, Liu Baoqi would surely choose to endure Zhou Heng's strike; he was an Immortal of the Moonlight Realm, with a body fortified like a Divinity Transformation Realm Magic Artifact, not fearing any pure power strikes from the Mortal Realm.
Only when he realized the potency of the Sky-soaring Nine Forms and the Black Sword would he panic and think of fleeing back to the Immortal Realm!
Whether Liu could be killed depended on how much damage Zhou Heng could inflict in the brief moment it took for him to react.