The statement 'Up to three paths can be configured for a given SR-TE LSP' is false. There is typically no strict limit to the number of potential paths that can be configured for an SR-TE LSP. Configurations often allow more flexibility in the number of paths, though it can vary based on the specific implementation or vendor. The other statements are generally true: only one LSP path forwards traffic at any time, the primary path is always preferred over the secondary path, and preference values can be configured for non-standby secondary paths.