Closest way of PT on that is probably to Enable Play Start Marker - this marks a position where playback always start until you move that marker to another spot.

This is available as key commands - both to enable and another to set position to set start play marker cursor to current cursor location.

That done - disable Return to start on stop.

You will get playback always start at a chosen location and have cursor stop where it is when stop is pressed. Next tart playback start at Play Start Marker again.

Then you combine these things together is a short macro command - so lets say set play start marker cursor to current playback location, and then enable play start marker.

There is also a key command Locate Mouse Cursor - which sets playback cursor to where mouse is hovering anywhere in arrange view. So then combine three commands - Set Mouse Cursor, and Set Play Start Marker, Enable Play Start Marker in sequence.

Or whatever you find most convenient - since some things toggle, others don't. But since enable play start marker toggles - it always set to current playback position as enabled - which means if moving play start marker you can do a macro key command twice and that has play start marker to that position.