Yes, PingLeap reduces the amount of time your data takes to be transmitted back and forth between your device and the game servers, which can help reduce lag, high latency and ping spikes.

Using PingLeap should not get you banned, as long as you are using it for reducing lag with legitimate purposes.

PingLeap and VPNs are two different types of tools and both work in different ways. PingLeap can be used to reduce lag and enhance your performance. While a VPN usually can be used to create encrypted connection between your PC and a network.