In theory, yes. However, I've often found this not to be the case. I'm running LW 2.8.6, and often times I've run a search and found multiple locations of a file, and when I downloaded it, it failed and went to a requery. Then I ungrouped the results, and went through checking all of the 4-star results. I found that some of them worked after all. Apparently, the "smart download" feature isn't so smart after all, because it didn't even seem to try any of the other locations.