Compatibility level for published database and transactional replication

Question

I am running a database on compatibility level 80 because the application using it does not yet support a higher level.

It is my understanding that transactional replication on SQL Server 2005 and up has some new features like schema changes replication and improved schema locking.

Can I benefit from these new features if my database is on a lower compatibility level?

In other words, do these features depend on the compatibility level of the published database or does this rely only on the version of the server? I know merge replication has a publication compatibility level (independent from database compatibility level) but I can't find a clear answer about transactional replication.