And skimming through the paper; the answer to this inverse is obviously yes. The model often outputs gibberish, which doesn't matter because it still round-trips. The fact that often lines up near a good english representation of the activation is simply because that's what compresses/roundtrips well.
So a malicious LLM/NLA pair could just use gibberish to conceal intentions. Or if it's been forced to avoid gibberish, it can conceal information with stenography.
And the experiment where they change "rabbit" to "mouse" in the explanation provides evidence that this might be happening. It was only successful 50% of the time, which might mean they failed to eliminate all "rabbitness" from the activation.
However, I suspect this is solvable with future work.
During training of the NLA, just munge the textural representation through a 3rd LLM: Have it randomly reorder and reword the explication into various different forms (use synonyms, different dialects), destroying any side-channels that aren't human readable.
The NLA would be forced to use human readable representations to get a successful round trip.