Yes, if: The floor has been completely dried, it was not so wet as to crush the side fibers leaving permanent gaping, or the boards buckled enough to pull the fasteners
The color will rematch over time.

Sanding of only the damaged portion will be much more pleasing if there is a logical cut off along the length of that section of the floor.

Red rosin paper is a BAD idea. It will leach color into the finish if it becomes wet for any length of time. That makes it too risky for me to use it.

Thanks so much for the information, Woodfloorpro. The floor is completely dry and the buckling was not too severe. I am glad to hear that the color will eventually match.

Thanks for the info about the rosin paper. I incorrectly stated that I used rosin paper, when I meant to say kraft paper. I did my research ahead of time and thanks to the knowledgeable people here on GW, I used the kraft paper to avoid the color leaching.

Well, that's funny, after I wrote the above, I looked up the old post (linked below) where it was recommended to use kraft paper and it was written by you, Woodfloorpro. So, thank you!

Here is a link that might be useful: How to protect wood floors during construction