Most of you should be in your hated management as you are very happy to act like the 'Monday morning quarterback'. All my career I have also thought that the third approach was statistically the most dangerous so I did some online research and could not find anything to support that for commercial airlines. How many approaches do we do in a SIM session? Is the third or fourth statistically your worst?
What if you were flying and the scenario was that you went MAP due to wind shear. As you were being vectored and considering the best option you were advised that three CX aircraft had just landed and not reported a W/S warning. You have ample fuel for another approach before diverting? Do you divert?
Don't criticise another Captain and crew for their decisions, made in real time, unless you have all the facts and they were clearly outside SOPs.