No it doesn't. OLC removed the files responsible for the "depth-charge shake" effect. The following files have been removed:
data\sound : Sh3.sdl, shake,shake2,shake3
data\library : Cameras.dat, particles.dsd
If you want the effect back you must place these files to the corresponding directories. If you just want the effect and not the rest of OLC's mod or even the LRT mod itself then i think that making a JSGME-ready mod with the contents of
data\sound and
data\library will do the job.
