PJ87
Journeyman Pro
No it doesn't.
You've played 1 off the tee and it's lost.
So using this LR, you drop another ball on the edge of the fairway equidistant from the hole to where you think the lost ball probably is located, with a 2 stroke penalty.
So you're now playing 4, not 5. Same as if you'd played a provisional that ended up in the same place.
But of course you haven't actually played a provisional - which may well have also been lost, or ended up in a horrible spot.
This LR gives you a "risk-free provisional".
See I thought it was this originally but was told it was 5 so should just play a provisional when we do our society we just do the new rule to speed up play and if my tee shot is questionable just play from there. Someone convinced me your then there for 4 not 3 but ill happily recorrect him