Dropbox Rewind is a tool that lets you take a folder or your entire account back to a specific point in time.
Yes, any changes made during the rewind will be reflected for all shared folder members.
If you want a few file changes back, you have two options:
Dropbox Rewind is unable to rewind changes outside of your version history.
If you don’t see the correct files or folders after a rewind, your content may be one of the following types of file that Dropbox Rewind is unable to restore:
Your files may still be encrypted if:
We recommend you clean your device and rewind again to a point in time before the encryption. Learn more about what to do if your files have been encrypted.
Dropbox Rewind can only restore files or folders to their existing locations.
You may see "restored" or "restore conflict" in a file name if:
The version that Dropbox restored will have "restored" or "restore conflict" in the file name to preserve your edits. You can compare both versions of the file and delete the one you don't need.