MikeC said "health".
frankie said "feet".
If an animal has good foot quality in a genetic sense, they can be fed a long time with no problems. If they have genetically poor feet, than longer periods of time on "hot" feed can hurt them.
In regards to "health", it should be no secret that overfed bulls tend to fail more BSE as yearlings than more optimally conditioned bulls, they tend to have poorer semen quality and serving capacity. They lose more condition their first year, and have to be pampered more to keep up. They may have decreased lifetime as well, though that one isn't completely documented yet. Overfed bulls experience more sickness, etc, too.
The bulls that continure to gain well after 84 days on a hot ration will be characterized as larger framed, heavier, higher growth, later maturing, with extended growth curves. They will produce daughters with larger mature size on the average.
Whether that is "good" or "bad" just depends on how you percieve the animals, relative to your own experience and environment.
In NY, more growth, extended growth curves and bigger cows might be OK. In MT, it might not be OK, or necessary.
At AU, they test for feed efficiency, with known intake. The latest research on that topic points to the fact that getting a handle on ADG is what makes test length longer. At this point, if testing for certain measures of FE, 70 days is recommended.
Badlands