Hi,
This is an automatic "driver enable" circuit.
It enables the driver with sending the first LOW bit (START bit) and releases the driver after being HIGH for some time.
The driver is at least long enough ON to drive the bus HIGH..
So a LOW has no minimum or maximum restriction woth this circuit.
And since the bus lines are biased "HIGH" they will remain HIGH when the driver is OFF.
So there is no restriction in HIGH timing, too.
So I expect it to work. But the HIGH - when the driver is OFF - is weak somehow. Maybe just 350mV. So avoid much noise.
Klaus