I would not think, NCT (New Covenant Theo) would be identified with Dispensationalism. Their are a couple of sight who claim they are 1/2 between the two. NCT is hard to put a handle on (and please correct me if I am wrong) but Sovereign Grace seem to follow a Baptist Style of CT but separate when dealing with God's Moral. For example, the Ten Comandments (specifically #4) are done away except if when they are specifically taught in the new testament.