Can you give me an example of a situation in which a ball is lost, the player drops in the area where it was lost, plays from there with no correction and no adding a stroke and distance penalty (assuming that was even possible), could possibly not result in a DQing serious breach?
Player hit a screamer from the tee. It hits a tree or obstruction some 20 yards in front of him and it ricochets back, 30 yards behind him OOB. He drops the ball and plays from a couple of yards in front of the OOB margin. 3 extra strokes instead of S&D. This does include the 'stroke' from S&D plus 2 wrong place penalties.
But you haven't explained the significance of the word 'if'.