hard disk contineously read/write from cache memory , its even more extensive than hibernation , but still hdd work properly since ages , so i think it doesnt
Right there is no harm using it at all.
The process of hibernation saves complete image of memory (memory loaded in RAM) on the hard disk and shuts down the computer to save power; When you resume, the computer restarts and loads the stored memory image from the hard disk and restores the state of computer as it was before going into hibernation - means - what ever program was running or whatever opened file was halfway done will be available as they were left before hibernation.