I expect LB will operate fine and the readiness codes will be ok as the car thinks the ima is present but is just not able to give any assist/regen.
The cel/ima lights are all off, the whole point of the device is to enable the car to run normally without the IMA. Not everyone can afford 2k for a battery.
Personally I don't use it as I like having the ima working.
Someone needs to try it in earnest/long term. So over to you.