The short answer
No. It complements them by helping you determine whether progressing to those stages makes financial and practical sense.
Think of it as a filter that comes before the more expensive stages of buying a property. If it flags nothing of concern, you proceed to survey and searches with more confidence; if it flags something serious, you've saved yourself the cost of finding that out later.
Why this matters for your purchase
This is the kind of thing a PropM8 Property Intelligence Report is built to surface early, before solicitors, surveyors or lenders are involved, while it still costs nothing to walk away.