Can "Set Password" plugin be made compatible with BuddyPress?

The "Set Password" plugin (https://premium.wpmudev.org/project/set-password-on-wordpress-mu-blog-creation/) doesn't work if BuddyPress is enabled. The password that user sets is not actually used and is also not included in the e-mail.

The plugin description page doesn't indicate BP compatibility but maybe there is a simple way to make them both work together?