The Mobi made by Calibre will still have paragraph spaces if the source ePub has them. Then going back to ePub they will still be there. So going ePub > ePub just cuts out the middle-man. Plus, if the paragraph spaces are in the source ePub, they will be in the destination ePub. But if not, the destination ePub won't have them.
Yes, LRF > ePub does have paragraph spaces. LIT depends on the source.
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