no, CAN_PARAM_AUTOBUSON only takes effect when a device goes BUS-OFF. Here the description of it in the help file:
In order to clear a bus-passive or bus-warning error, you have to call the function CAN_ResetHardware. Check the help file for more information (PCAN-API 4 Documentation, page 51)Configures the driver to automatically set the status of the CAN controller to buson,
after it goes to bus-off.