I noticed this with the panama benchmarks from this PR:
https://github.com/openjdk/panama-foreign/pull/762

One built, running one of the benchmark with:

$ java -XX:-TieredCompilation -XX:-BackgroundCompilation -XX:-UseOnStackReplacement -XX:+PrintCompilation -XX:+PrintInlining -XX:CompileOnly=org.openjdk.bench.java.lang.foreign.MemorySegmentVsBits::byteVarHandle -XX:CompileCommand=option,org.openjdk.bench.java.lang.foreign.MemorySegmentVsBits::byteVarHandle,DumpReplay -XX:CompileCommand=quiet --enable-preview -jar /home/roland/panama-foreign/build/linux-x86_64-server-release/images/test/micro/benchmarks.jar MemorySegmentVsBits.byteVarHandle -f 0 -psize=256

dumps a replay and also shows plenty of inlining going on during inlining:

   7688 102 n java.lang.invoke.MethodHandle::invokeBasic(LLIJ)V (native)
# Compiler replay data is saved as: replay_pid3697718_compid101.log
                            @ 27 java.lang.invoke.VarHandleGuards::guard_LIJ_V (135 bytes) force inline by annotation
                              @ 3 java.lang.invoke.VarHandle::checkAccessModeThenIsDirect (29 bytes) force inline by annotation
                              @ 47 java.lang.invoke.VarForm::getMemberName (31 bytes) force inline by annotation
                              @ 50 java.lang.invoke.VarHandleByteArrayAsLongs$ArrayHandle::set (39 bytes) force inline by annotation
                                @ 20 java.lang.invoke.VarHandleByteArrayAsLongs$ArrayHandle::index (13 bytes) force inline by annotation
                                  @ 9 jdk.internal.util.Preconditions::checkIndex (18 bytes) (intrinsic)
                                @ 35 jdk.internal.misc.Unsafe::putLongUnaligned (14 bytes) inline (hot)
                                  @ 7 jdk.internal.misc.Unsafe::convEndian (16 bytes) inline (hot)
                                    @ 12 java.lang.Long::reverseBytes (46 bytes) (intrinsic)
                                  @ 10 jdk.internal.misc.Unsafe::putLongUnaligned (157 bytes) (intrinsic)

Now running replaying the compilation:
$ java --enable-preview -cp /home/roland/panama-foreign/build/linux-x86_64-server-release/images/test/micro/benchmarks.jar -XX:+ReplayCompiles -XX:ReplayDataFile=replay_pid3697718_compid101.log -XX:+PrintCompilation -XX:+PrintInlining -XX:+ReplayIgnoreInitErrors
...
   1864 94 b 4 org.openjdk.bench.java.lang.foreign.MemorySegmentVsBits::byteVarHandle (37 bytes)
$

shows no inlining. Running without -XX:+ReplayIgnoreInitErrors causes the replay to fail with:
Error while parsing line 364 at position 95: expected hidden class

Failed on expected hidden class