I think it's just safest to avoid dual-use situations, though I suppose that isn't always possible. (And I'll cop to violating it in a couple of specific ways; I mix Caffenol up in the kitchen, for instance, since it doesn't involve anything you wouldn't use in the kitchen anyway. Except for that horrific instant coffee.)
Typical photo chemicals aren't *that* toxic, especially for standard b&w processes, but still, we all make dumb mistakes once in a while---and I'd rather not have to rely on "well, it's not *that* toxic" when I make one. Suspenders and a belt, I suppose.
We did once have a member accidentally make tea with sodium sulfite in it, if I remember correctly!
-NT