Why yes... yes it does. I originally bought the Tone Traveler after getting a '92 Les Paul Standard on Reverb that I almost got rid of.
The guitar looked great and had a fantastic neck that pretty much played itself. The downside... it was dead. It was quiet unplugged, the low end was thin, and the guitar barely vibrated. I've got eleven Les Pauls from '86-'02, and while they all have their own unique character and personality, this one was the black sheep of the group... I thought I bought a lemon and realized why the previous owner wanted to sell it.
Once I got the Tone Traveler, I alternated putting it between the bridge/tailpiece and the headstock resting on the nut. I used the standard guitar mode as well as the custom scale to get the guitar vibrating as much as possible; periodically touching the neck, headstock, and body to feel how much the guitar was moving. I would switch modes, isolated notes, and major/minor/complex chords every couple hours to vary the frequencies I was feeding the guitar.
The results were really amazing! A guitar that felt thin and dead in the hands came to life! Now it has a deep low end, it's more acoustically resonant, and you can really FEEL the neck and body vibrate when playing chords; something that simply wasn't there before.
I've done the same process for several of my guitars; some taking longer than others, but currently doing it to a case queen '02 R7 Les Paul I recently got. It's already changing after a couple days and I can't wait to see this guitar come to life as well.
All that to say, experiment with all of your guitars. Get the wood vibrating and you'll start feeling the differences in a pretty incredible way.
Wow this is huge! Thank you so much for sharing and what an amazing finding. We love to hear it as we are mainly acoustic guys and don't have as much experience with electric instruments.
-Isaac
Co-owner