This is a good question and I don’t really know how this device would affect drafting and related manoeuvres. But if I had to guess, drafting behind a lead cyclist should still be beneficial, but the “zones” where it works might change.

So for example, the optimal distance lee-ward of a lead cyclist might become shorter or longer. Longer could mean more space to vie for that position directly behind the lead. But shorter might mean it’s impossible to draft without crashing into the lead.

Side-to-side drafting distances might also be affected, like how birds travel in a vee-shape. Maybe the vee would become wider? That might not be beneficial, though, if it’s so wide that it’s impossible to stay on the racecourse.

TL;DR: I have no idea, and aerodynamics are hard. That’s why I’m intrigued by the field.