Does a regular correlated sub-query perform the same thing?

SELECT

lvt.ID,

lvt.PhoneNumber,

lvt.CreateDate,

lvc.CallWindowStart,

lvc.CallWindowEnd,

lvc.LVCallDispositionID

FROM

LVTransaction lvt

OUTER APPLY --<<<<<<<<<<<<<< Replace OUTER APPLY with WHERE.

(

SELECT top 3 *

FROM LVCall

WHERE lvtransactionID = lvt.ID

Order By CreateDate DESC

) as lvc