Thanks to Wilson6, I have learned some facts about estrogens in men. Estrogen is vital for lipid management, bone growth, glucose & lipid metabolism, male sexual function, skeletal muscle (function, mass, and strength), adipose tissue; bad for ligaments, decreases performance due to effects on tendon, but conversely decreases injury proneness of tendon. Unclear whether harmful or beneficial in cardiovascular tissues in men. Bad for male immune function (unlike in women).
Certainly exogenous estrogens are harmful, rather we want in situ aromatization from aromatizing androgen to modulate T/E2 ratio. Still think there's a theoretical upper limit to optimal absolute estrogen concentrations.