Revalidate means that it has NOT expired, you can do alternate revalidations in a FNPTII or Fligh Simulator.
If it has lapsed, its a Renewal and you cannot do a Renewal in a FNPTII or a Flight Sim only an aeroplane.
The Rule changed with the latest amendment to the ANO which implemented AL5 to JAR-FCL1.246 on 30 March 2007.