Maximo Boada shared these words of wisdom:

Thanks fro your comprehensive reply, Maximo.

Meanwhile Michelle has confirmed that there is a problem which
prevents that the links to paragraphs work after a page has been
moved.
So the conclusions at which we both had arrived match with what the ON
team says.

> If you go to the BOOK: "OneNote 2007 guide".
> ....
> Spanish Version read: "Además de crear hipervÃ*nculos normales que
> apunten al Web (Insertar > HipervÃ*nculo), puede crear hipervÃ*nculos
> a cualquier parte de sus notas (un bloc de notas, una sección, una
> página e incluso un párrafo especÃ*fico)."
>
> English automatic traduction: Besides to create normal hyperbonds
> that they aim at the Web (To insert > HipervÃ*nculo), it can create
> hyperbonds to any part of his notes (a notepad, a section, a page
> AND EVEN A SPECIFIC PARAGRAPH).

Thanks for translating.
I understood it better in the Spanish original, however <gbg>.

> What is your opinion? Onenote, Can really link a specific paragraph?

Well, as said before (and now confirmed by Michelle):
One can link to paragraphs.
But the ability to jump to the proper paragraph gets lost once the
page has been moved. Then only the page is opened.

If you really have long pages (I for one prefer to use subpages if the
stuff gets bigger) you might think about a workaround:
f.e. : Add links to the paragraphs to the beginning of the page and
when the page opens use the links there (untested).

Rainald