Safer
While there's no perfect solution, setting FCU/MCP altitude BELOW on 'intercept G/S from above' procedure, at least ensures the aircraft should not hit the ground while trying to intercept G/S.
It could mean altitude capture during intercept attempt or 'unrestricted climb' during go-around, however those are less serious than unrestricted descents in V/S. Boeing 777 factory FCOM agrees.