It can be used under certain modified conditions for more details please refer this paper in which lattic boltzmann method applied to resolve the flow across simple frigate shape ships .
LBM is used for low Mach number, nearly incompressible flow simulation.So, by increasing Re (or decreasing relaxation time), the Ma number and consequently, the error increases and the solution gets unstable. of course,some schemes such as MRT-LBM or Smagorinsky scheme are used to handle high Re number flows...