Anyone have experience with this?
Does this mean if you conflict R days with vacation days or the 48 hr buffer that they will give you those days back if you so choose?

From VIPS:

If you have scheduled vacation and are awarded a Reserve Line, you will be compensated RLG and part of your reserve line may be reconstructed. Your vacation bank will be adjusted R-Day Value multiplied by the number of vacation days in the NOV07 bid period. You will then be scheduled for a number of R-days equal to the number of monthly scheduled R-days, less the total number of vacation days.

The reconstructed line will contain the originally scheduled blocks of R-days that do not conflict with the actual vacation, vacation extension, or the vacation buffers, unless the number of R-days in those block(s) plus the number of vacation days exceeds the number of R-days in the bid period (in other words, your vacation conflicts with fewer R-days than the number of vacation days). In that case, the line will be reconstructed preserving the greatest number of originally scheduled R-Day blocks as possible.

With this in mind, use the space provided below to indicate any special preferences you may have for reconstructing your reserve line: