I tested the conversion on other PC and it successfully installed everything including profiles and online crap.
However, i should clarify what conversion is doing;
When you're applying the conversion, the conversion is also backing up your data. Meaning your
Battle.net account information is stored in the conversion so next time you install the game, everything is there, just log in and play, online or offline, doesnt matter.
The conversion is for personal use, meaning, it exist to back up your game, so you wont have to download 15GB of content again and again.
So pirates;
If you're thinking to make a conversion for your game and publish it on the net, you're gonna be fucked up by Blizzard because you'll also put your account info in the conversion.
But of course, for personal uses, such as BACK UP (why it's been made), there's no issue with it, like i said conversion works flawless.
Long story short, if i were you, i wouldnt use my conversion to pirate the game
Cheers