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Without 100% certainty - my belief is that a PWM Generator's ability to drive its (potential) output pin does require both:
Hello Avi,
As cb1_mobile has already indicated, yes - that should work fine. If you don't configure the pins to be used by the PWM, they can be used for other peripherals or standard GPIO. The PWM module can be enabled/configured/etc as it has no knowledge if pins were configured for that function.