Nope. The only reason to cut in a LA seal is so it will seal the LA pan.
The LA pan has two "dents" or "recesses" in the front seal area (red arrows):
It is these recesses that require the LA front seal to be cut into the Magnum gasket (or use a ton of sealer there with a Magnum gasket, or just use an LA gasket/seal set), NOT the timing cover that makes a difference.
If you're using a Magnum pan, you don't have these recesses to deal with. So just use the Magnum gasket and move on.