You will only cheat yourself out of a masterpiece.

Re-sign and Restore: Once the tool finishes "modding" the file, plug the USB back into your PS4. Go to Settings > Application Saved Data Management > Saved Data on USB Storage Device > Copy to System Storage. The Risks: Softbans and Online Play

In the arena or during invasions, players can often tell when you've used an editor. Max stamina rolls, impossible spell casts, or having both the Vanquisher's Seal and a weapon equipped are dead giveaways. You will get hatemail, and frankly, they'll be right.