I was hit by this bug, my entire unit was fucked and I had to use Recovery over the Internet to reinstall a fresh OS on my 2019 MacBook Pro. Nearly everything on my Mac was dot sourced, on Git or using my local NAS' TimeMachine share. All the same, all my data on the Mac was still lost and had to be restored using backup.
At least in the default install, it is all one partition. Moreover, if you had disk encryption or something, getting the recovery keys would be a risk even you had followed all the right steps. Granted, none of these are good excuses for not doing TM backups since those are so easy. But just saying people could lose data and not have an easy way to recover it.
Well, I lost all my data. I have an empty relocated items dir on my desktop.
Edit: there's a Configuration dir in Recovered Items which has two other dirs, a private dir which contains another etc dir which contains a shells default file. Nothing else.
