Yes, absolutely. If you've overshot the turn to the inbound track, there's no difference between that and a standard Sector 3 entry. Thus, no reason to exceed 25-degrees of bank.
In PNG, we have a couple of instances where the inbound holding track doesn't align with the outbound Initial Approach track. Thus we say that you don't actually have to be on track after passing the aid, merely that you be on an intercept heading and that you are established on track before making the base turn.
Just thought I'd throw that one in.
