Using Excel Formula to Submit Data

Has anyone tried this - In the data range of an ad-hoc view, build excel vlookups to retrieve data from an excel table and press submit? I tested this process and the data submitted and when refreshed, the ad-hoc grid returned the vlookup values and retained the vlookup formula. I did further testing by creating another ad-hoc grid in a different worksheet without any of the vlookup and the ad-hoc grid returned the correct value.
Is what I described above a smartview functionality?
Thanks,

Because you have formula preservation turned on, the vlookup formulas will be retained and not refreshed with the Essbase values. If you turn off the retain formulas then after the submit, the Essbase values will be returned, but you will lose the vlookup formulas

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