Backup iCloud Shared Photo Library
I have "Download Originals to this Mac" enabled for my personal library (Photos—>Settings—>iCloud), which is synced with iCloud photos. Since I backup to Time Machine, this ensures I have a local backup of my library.
I have just created a Shared Photo Library, and understand that my iCloud storage will be used to store all participants' photos. However, there are no options regarding downloading originals in the settings under Photos—>Settings—>Shared Library.
Since it is my iCloud Photos storage being used, and I've indicated it should download originals, will all items uploaded to the newly created Shared Photo Library also download to the Mac's hard drive?
[running Ventura on the Mac and 16.1 on iPhone]