LRBHO (Last round Bolt hold open) means that when the last round in the magazine is fired, the magazine will trip the Bolt hold open or Bolt Stop (little lever on the left side of receiver) and holds the bolt in the rearward position. I purchased the same lower you are looking at, I thoufgt that it was a little flimsy and worked holding the bolt open intermitantlly. It worked best with Factory Glock magazines, ETS and Magpul hardly at all. I stayed with my PSA standard billet glock lower and don't worry about the bolt staying open after the last round is fired. I'm waiting on New Frontier Armory's upper receiver with LRBHO to come back in stock, It looks like the best alternative.
I also have another 9mmAR from PSA with the Colt Magazine lower, It is Excellent, Bolt stays open after last round is fired, 32rd Metalform Magazines are $20 at PSA. I also picked up some 20rd Metalforms from Midway a while back when they went on sale.
Here is my Glock lower 9mm