If your system provides enough volume flow for the heat pump and no one can just close the ERR heating circuits (remove actuators! and take them off power - also saves some money), then why take the risk of a thermal short circuit????
As a layman, I am not sure, I believe completely closed is also not possible. At the highest settings, it only opens at such a high pressure difference that it is practically closed.
The bypass valve is only needed when heating circuits are frequently shut off and thus the total volume flow collapses. Then it protects the system from too high pressure. However, at the cost of efficiency because the heat pump continues to produce heat but this does not reach the screed. The result is a faster temperature increase in the return flow and cycling of the heat pump.