The problem is that you don’t know if it’s low risk. It could be very high risk, and that’s a oroblem. You want to assume it’s low risk because you want to do it. Not everything we want to be true, is.
The risk is you might damage the laptop taking it apart and you might lose warranty.
The fact that the M1 is running faster just means the thermal pad is doing its job at quickly taking away heat from the SoC. The system still decides if it should throttle or not and they're basing that on internal SoC temps (which it obviously thinks is acceptable enough to keep running at high clocks). If it was botched in any way, what we'd see is even quicker throttling.
I wouldn't do it myself (too clumsy) but hey, if someone has weighed the risks and rewards and still decides to do it, then by all means go for it. It's their money.