You really, really don't want or need it any longer, you really want to use a more modern Process Version which will do a much better job of highlight recovery using the current sliders (start with Exposure and move down from there). If you update the images from an older PV, the color appearance may change a bit, but you'll have much better control over this recovery and far more.
Author “Color Management for Photographers" & "Photoshop CC Color Management/pluralsight"