I'd be hard-pressed to call it the most dangerous show, but the reasons why it's problematic are as follows:
1. It's fundamentally anti-intellectual. A lot of the show is ultimately based on attacking archaeology as a field on the basis that it rejects his ideas, without ever attempting to interact with the (well-grounded) reasons his ideas are being rejected. Quite frankly, takes like "the most dangerous show on Netflix" help Hancock more than hurt him, which is one of the reasons I'd never call it that.
2. The ideology is... uncomfortable. His underlying thesis amounts to "white people built every interesting archaeological structure we find in the world before suddenly disappearing without leaving any other trace," although the "white" has been removed from overt mentions in more recent year. Yet you can still guess that it's still covertly there by observing that European constructions never seem to undergo this process.
3. Bad archaeology and pseudoarchaeology can fuel modern arguments for screwing indigenous peoples out of their land or culture, etc.
4. Poor archaeological practices can ruin the ability to do good archaeology on the site in the future. Note the excavation we're talking about here is an example of such poor achaeological--the site has been greatly disturbed by the excavation, which could well foreclose the ability to properly date the site in the future. On a related note, this can also fuel the general public to visit a site and, well, loot it.
5. A final note is that the demand for ancient aliens-style shows crowds out any attempt by archaeologists to actually put together shows about real, interesting archaeological discovers. Producers don't want a show about Çatalhöyük or Göbekli Tepe or Norte Chico that produce interesting questions that challenge what people likely learned in school about the history of civilization. No, you have to attack it with an ancient aliens or whatever conspiracy theory to be able to actually make the documentary. Mainstream archaeology is considered "boring" even when it is absolutely the opposite.