The answer is NO.
Your approach is correct : when the "Auto adjust scale" property (Right click>advanced...) is enabled (default), the plot area should be calculated by LV, from the Y and X scale positions.
Plot area.left = Yscale.left + Yscale.Width
Of course, problems arise when the "scale style" is set to no scale, or when the "autoscale adjust" scale property is disabled.
I said "should be calculated" because there are a number of bugs (I just found another) connected to this issue.
CC
Chilly Charly (aka CC)