Again, the plate exchanger will work on its own provided you have a boiler with a lot of water capacity or a very fast recovery boiler.
My Father in law has a Hardy H2. It only holds like 80 or 100 gallons of water. So, as you use your domestic hot water, it is cooling the boiler just as fast and it cannot recover fast enough.
He used to have the domestic hot water running through the hot water coil in the H2 and then into the water heater. Pretty much the same thing as a plate exchanger before the water heater. The problem was that once you took a couple showers, the boiler itself had cooled down and was trying to recover but it just cant recover fast enough for continuous hot water usage. Therefore you would run out of hot water just like a normal water heater runs out.
So, we added a circulating pump in his application to circulate water out of the bottom of the water heater, through the hot water coil in H2 and then back into water heater. Basically doing the same thing as a sidearm but, yes, running a pump instead of adding a sidearm.