No, only sitemap generator will not follow those links. Settings defined in generator configuration do not affect the way search engines crawl your site, only generator.
> What is "default state" ?
"Default state" meant no changes made to any settings in generator config - it should work fine.
> The question actualy was about the diference betwin "Exclude URLs:" via "Do not parse URLs:".
The first setting excludes specified URLs from sitemap, while second option doesn't exclude specified URLs from sitemap.
Example:
folder/
will exclude all URLs like
[ External links are visible to logged in users only ]
[ External links are visible to logged in users only ]