When I imported a bunch of posts with images in them, the importer only replaced the URLs of the anchor tag that referenced the images. It did however not replace the src attribute of the actual image tag, causing these images to be loaded from their old location.
It should probably try to replace the image URL, at least if the requested image size is available after the import. I personally even think it should always replace the URL - if the original image size is not available after the import, let's use the one that's most appropriate. Old URLs should probably not remain anywhere in the posts.
When I imported a bunch of posts with images in them, the importer only replaced the URLs of the anchor tag that referenced the images. It did however not replace the src attribute of the actual image tag, causing these images to be loaded from their old location.
It should probably try to replace the image URL, at least if the requested image size is available after the import. I personally even think it should always replace the URL - if the original image size is not available after the import, let's use the one that's most appropriate. Old URLs should probably not remain anywhere in the posts.