I read in http://www.postfix.org/mysql_table.5.html for the %d substitution in 
the query if the lookup is not a full email address with domain, the entire 
query is not even executed? Is this right?

If that's the case, you can't do complex queries like:

select IF('%d' = 'example.com', .....

Even though a query like that might account for the case where %d is null, 
postfix won't execute it?

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