If you have the horizon in ACP set to avoid your mount's "protected regions" then the answer is "yes, but..."

Targets which happen to be below the ACP horizon (slew limits) will be skipped. But it will not do the analysis required to know whether a target might be above the horizon later in the night. The target is just skipped when it comes up in the plan. And depending on whether other targets are skipped before a given one, the time at which that one is considered will vary.