Yes it can, and I'd put the crimp in the ogive to conserve maximum bearing surface, and prevent any mixup in ammo.
You say you'll load to the same point of aim and same velocity as your carry load, which i presume is a considerably heaver bullet.. - You say you are doing it with a coboy action bullet now, and if so you'll get a similar POI with the new LBT bullet. However, I must inform other readers that the same point of impact with the same velocity using two different bullets weights from a handgun is impossible without changing the sight settings. The heavier bullets will shoot much higher, and I would suspect the tiny 200 gr so low that you might not have sight adjustment. If one desires to have low recoil practice loads which shoot to the same sight setting as a heavy bullet powerful hunting load, the only way I know to do it is to choose a bullet somewhat lighter than the heavy high velocity load, then find a powder charge which makes the lighter bullet print to the sights, which will be at considerably lower velocity than the heavy load. The reduced bullet weight and velocity will yield much lower recoil, muzzle blast etc.
To make things a bit more clear. If one shoots a 300 gr bullet at say 1450 fps, the high speed, which means short barrel time, causes a much lower POI than the same bullet loaded to 1000 fps. So if one chooses a lighter bullet and adjusts the speed to obtain a barrel time which causes the same barrel lift before bullet exit as the heavy bullet stout load, POI will be the same at the distence one loads for. The light load will of coarse have a much greater trajectory. - Cheapest way to choose the light bullet weight is to purchase several weights of commercial bullets, cast or jacketed, and see how each weight works out for your needs. When you find the weight that suits you, purchase a quality mold of the same weight and POI will be what you want. If you purchase poor quality commercial cast which shoot large patterns, the center of the pattern is your POI. The new LBT mold will drop bullets which cut tiny groups.
I once worked this to the extreme extreme in my wifes 3 inch S&W 38, for her to carry when hiking in the desert where there were a lot of snakes. I built a 180 gr with two tiny drive bands for minimum barrel friction, a full wadcutter, and loaded it to hit where her 160 gr FN loads at 900 fps printed at 25 yards. The report was very similar to a toy capgun and the bullets were very visable in flight. They killed snakes and cottentails instantly, and she could hit anything within 25 yards or so.