It doesn't seem to work for me. I got the opinion that lookahead works by default, when the bframes = parameter is turned on
But I could be wrong.
I always get this result with and without teams.
bframes=1 (here is clearly not what it should be)
Assassin's Creed Origins Cinematic Trailer
bframes=1 Cyberpunk 2077 Trailer
and this is the result via nvenc h.264 (new). bframe 1 and lookahead