Sandblaster , I think you might find that you have always been able to put a current type overseas on yr UK Licence , as long as it is within 5 years etc , it will also be the old Part 2 type rating , and , of course , you cannot exercise the privileges of , say , an A380 TR in UK until you have had an LPC conducted by a UK TRE - not much changed really.
Still worth doing a UK LPC every 5 years anyway , £1500 well spent I say.