Yes, I have the US 'Video Gems' VHS to this under the 'Jaws of the Dragon' title. I don't recall Dragon Lee but then it's been about 5-6 years since I've seen it. I'll try and find my tape and confirm unless someone beats me to it. :)
Dragon Lee definitly isn't in this one, it stars James Nam. Movie was launched in the west under the Dragon Lee's name just to earn more money just like did movies "Return of Fist of Fury", "Bruce is Loose","Cobra" and the others on Bruce Le's name.