Technically, yes. The car will not break down. However, you will fail a safety inspection (if applicable), and the hyper-flashing confuses other drivers, increasing your crash risk. Furthermore, a short-to-battery can eventually back-feed and damage the BCM ($1,200 part).
The non-contact position sensor can fail internally. Instead of sending a normal range signal, it may short to the 5V reference line, causing the feedback wire to read a constant 5V (or close to it). Once a sensor fails this way, the actuator must be replaced. land rover b1d1787
Range Rover Evoque Won't Start? Codes B11DB-87 & B1412-87 Fix Technically, yes
If you found a bare wire rubbing against metal: and the hyper-flashing confuses other drivers