Is it a single layer bag or double layer bag?
In either case, the answer is yes, provided it's not a leaky seam.
It is a thin (500 denier?) single bag. It looks like the fabric was abraded sometime during the course of the move in several non-seam areas. I figure its worth the price of a partial tube of Aquaseal to see if I can fix it. In any case I will purchase a replacement wing in a few months and use the repaired wing as a back up or loaner.