Yes. Forget the RCD a minute. If current can flow from the MCB through a load and back via the N bar, via the RCD, and the load works, then we've proved it's possible for current to flow. Lower the resistance, all the way to negligable if you like, and lots of current will flow, the and MCB will trip. Or has the 1664 completely broken my brain?
For the RCD, anything that goes through it on the L side and doesn't come back on the 'other pole' will cause an imbalance and it will trip.
If you take the meter completely out of the installation and forget it, this is electrically equivalent to every TN-C-S install. Just the point where PEN becomes N and CPC has shifted but it's still upstream of the RCDs.