Run a few searches through here and you'll find gobs of threads about octane and our cars. What you'll find is that our cars are not setup to use 91/93 to it's full potential. Our ECUs are setup to advance our ignition only so far. I want to say it's something like 40-deg at high-vac cruse situations. If you do not get any knock on 87 with 40-deg, why run 91? So, in cruse situations, your getting no advantage with 91, and your burning the same amount of a more expensive fuel.
You might get a few degrees of timing added if your stomping on the pedal. I think the ECU runs in the area of 10-deg under full load and high RPMs. It might even be less timing. Perhaps 91/93 fuel will allow the ECU to run a degree or 2 more. Having never looked at our ECU code, I can't actually confirm this. But, at this point, your NOT getting better fuel economy because your romping on it. You might get a couple of more HP though. I emphasis might. This is where I suspect the I-Speed reflash really shines. More timing advance while hard on the go-button. More advanced timing and you need higher octane.
We can speculate all we want about what we "think" might happen, and what we "feel" is happening to our cars. In the absence of measurable and quantifiable data and a working knowledge of our the ECU is programmed, it's all speculation and conjecture.
So, to answer the OP question, no higher octane is not bad, it's just not necessary. In fact, you'd likely be throwing away money if you do. Also, higher octane fuel burns slower than the low octane stuff. This can impact performance in a car not designed to run the higher stuff.