No Jack, it doesn't.
It refers to pulling the xyz NDB approach out of the arrivals page of the FMC and flying it in LNAV/VNAV with no reference to the underlying terrestrial aid whatsoever - as long as the actual NDB App has not been withdrawn. The NDB doesn't need to be serviceable and the aircraft doesn't need to be fitted with ADFs. And we still have ADF on our IRs and still tick ADF on the navaid part of the flight plan.
As outlined in the CASA approval.
Why you actually would with an RNP AR U or P available remains a mystery.
