Given the choice I would not use it, but it will not automatically ruin anything.
There have been concerns posted that sealant will damage TPMS sensors, damage aluminum wheels, damage tires, and cause imbalance problems. All of those are possible, and using a plug instead will avoid all of them. While the self-vulcanizing patch is the only "approved" method of repair, the plug, if installed properly, is just as effective. The patch is "approved" because it is nearly impossible for it to fail catastrophically, and nearly all patch failures result in slow leaks. A plug can blow-out, resulting in fairly rapid deflation of the tire.
I had a tire on my truck that two different shops could not effectively patch. I put a bottle of Slime in it and drove on it for another 30k miles. There was no damage to the tire or the aluminum wheel.
The most important thing to remember is to tell the tire shop that there is sealant in the tire before they work on it. Nothing makes a tire-buster as unhappy as breaking the bead on a tire and having sealant blow ot in his face.
John - Formerly known as JRinKY
Sky VIN 00252 Manual Midnight Blue
Sky Redline 2008 Manual Carbon Flash