hmmmm, dont really like that Ian
R1+R2 is a resistance reading (as you know)

i.e dead
Zs and Ze are impedence (live) (yes, egg sucking and all that

)
We know that Zs = Ze + (R1 +R2) but adding R1+R2 to Ze does not automatically give the the same result as Zs (for many reasons which I know I dont need to explain to you!)
so taking Ze from Zs will not give an accurate R1+R2 either
Personally I would never do this, as Zs is the least preferable of the readings (due to the EAWR's)
Interesting that Megger use it though! Everyday is a school day......
my point was of course that you never MEASURE R1+R2 using three leads, what you saying is that you would measure Zs, and the meter would kick out an R1+R2 from it......... got a meeting with Megger soon, I will discuss it with them!