Is this a good way to handle error?

Private Function F1() As String

    On Error GoTo errHandler
    
    Open "c:\pfms.txt" For Input As #1

exitHere:
    
    Exit Function
    
errHandler:
    MsgBox "Error " & Err.Number
    Select Case Err
    
        Case 53 ' unrecoverable error
            Err.Raise 1, "F1"
            Exit Function
            
    End Select
    
End Function

I have a function called F1 and it has an error handler that handles err 53 (file not found err). When err 53 occurs, the error handler raises an an err 1 to exit the function. The function that calls F1 also has an error handler and the error handler reacts to the err 1 raised by the function F1.

Is it a good programming practice to notify the function caller that an error has occurred in the called function by using the err.raise method?