Yes, it'll be visible (the same Display mode as set-up with license will be used). Both of our plug-ins behaves in the same way. Even without license, the RC object will be fully visible, but "locked" for editing.
When the "Lite" version is installed, it has its own limitations (as three Segments and one 1D arrays or 2D arrays Generator and so on), therefore the object may appear incomplete. Let me add, that's not recommendable to edit any "Pro" object with the "Lite" version as critical data may be lost when saved. Having the "Pro" version installed you'll not face this behaviour even without license.