That kind of design only makes right hook collisions more likely. Pushing cyclists closer to the curb, to the periphery of a driver's view, makes them less visible and more likely to be unseen before a turn is made.
...which isn't relevant because bikes shouldn't be in the intersection at all while the turn is being made. The bicyclist going straight has a red light when the turn lane has a green arrow, the turn lane has a red light when the bicyclist going straight has a green.
Perhaps I should have said "wait for turn indicator" instead of "no turn on red", that's a bit clearer.