Generally macros is macros as far as autocad is concerned IF the command is available in LT.
You will probably find a few that dont quite work, but may be able to be re written to work as long as it is not anything using lisp or the commands just not available in LT or commands no longer available.
The macro syntax your describing is common to lt and full autocad, LT even does diesel, although not many do a lot in that language, its brutal to figure out, lol.