Co-hosts have different plans - time limit?

Meeting coming up with multiple participants. The person calling the meeting has a free plan. Others on the meeting have premium. If a premium subscriber is a co-host, will that override the 40-minute limit?

ALSO, the free-plan-holder is going to edit the audio after the fact, and it's easier to just have the recordings saved to their hard drive rather than transferring.

Thanks for any assistance, as the bot doesn't even recognize the questions I formulated!