Is there such a thing as proof by example (not counter example)
Solution 1:
In mathematics, "it probably works" is never a good reason to think something has been proven. There are certain patterns that hold for a large amount of small numbers - most of the numbers one would test - and then break after some obscenely large $M$ (see here for an example). If some equation or statement doesn't hold in general but holds for certain values, then yes, there will be constraints, but those constraints might be very hard or even impossible to quantify: say an equation holds for all composite numbers, but fails for all primes. Since we don't know a formula for the $n$th prime number, it would be very hard to test your "path" to see where this failed.
However, there is such a thing as a proof by example. We often want to show two structures, say $G$ and $H$, to be the same in some mathematical sense: for example, we might want to show $G$ and $H$ are isomorphic as groups. Then it would suffice to find an isomorphism between them! In general, if you want to show something exists, you can prove it by finding it!
But again, if you want to show something is true for all elements of a given set (say, you want to show $f(x) = g(x)$ for all $x\in\Bbb{R}$), then you have to employ a more general argument: no amount of case testing will prove your claim (unless you can actually test all the elements of the set explicitly: for example when the set is finite, or when you can apply mathematical induction).
Solution 2:
Yes. As pointed out in the comments by CEdgar:
Theorem: There exists an odd prime number. Proof: 17 is an odd prime number.
Incidently, this is also a proof by example that there are proofs by example.