This is the de facto standard when voice acting (providing voices for animated films, video games, etc). When taping ADR in the studio, actors are often watching the footage while recording - not only 'reliving' the moment within the scene but also to ensure that the lip-sync remains consistent.
What's more is that the REALLY good actors have a tendency to wholly immerse themselves into their characters. In 2001's Ocean's 11, Andy Garcia went so deep into character that he even developed a very specific manner of walking dubbed "The Benedict Strut" - so good, in fact, that he shot a pick-up SEVEN MONTHS after initial filming which was spliced in and every last nuance matched completely!
Even with all this, actors will record the same lines dozens of times over - giving the editors a bit of variety to choose from should issues concerning pacing, sequencing, etc require something ever-so-slightly different from what was originally intended.
More trivia: In the original Star Wars, R2D2 had actual lines. Partway through, after deciding some of the droid banter wasn't as entertaining as Lucas originally thought, R2's lines were replaced with emotive beeping which made C3PO's responses hilarious!
Even MORE trivia: While filming Marvel's Guardians of the Galaxy, Groot had actual lines that Rocket and others would respond to. Vin Diesel meticulously kept these lines in mind when recording ADR so every detail of "I am Groot!" would retain the inflection of the original dialogue.