the claim of "ancient" is just way to vague...which ancients?
One of the thousands of cultures, something like the watchers and other theoretical groups, when people start talking about past life entwinements and start playing with souls it always sets off a red flag for me, not only on the actuality of their claim but more so for the many people that use it as a headgame to inflence a person.
I just don't see how this deals with archeology...now if you were asking about the prehistoric sorcerer, the earliest snake culture they found, some fragment discovered giving us a glimpse of lost history or even lemuria or atlantis, it'd make sense. You can learn about how the ancients viewed the human soul, but soul dealings are a supernatural thing, not archeological.
so in answer to you're question...yes, headgames no matter how "real" you believe them to be can be a risk to your sanity, it won't make you crazy but can mess with your emotional and spiritual state quite easily leading into more destructive activities.
look into deja vu.