I think it is misleading since it implies that a species can be identified from your photos, and that your individual is of that species. People may use this as evidence to identify other observations.
Generally the etiquette is to identify to the lowest common taxon, usually genus but sometimes further up. If a subgenus or complex taxon exists that’s good, otherwise observation fields can work if you want to mark it as a species pair or other arbitrary subgeneric group. (there are other discussions and feature requests on the forum about improving this aspect)
What I’m unsure about is using location to identify difficult to distinguish species. Toxomerus geminatus and Toxomerus occidentalis look pretty much identical, but their range is well know and on opposite sides of the continent so I feel comfortable identifying them despite that. On the other hand I’ve been researching the millipede genus Brachyiulus and am not sure what to do. Only one species (pusillus) is documented for eastern Canada, but another species (lusitanus) has been recorded in North Carolina, California, and maybe Ohio. So is it safe to call mine pusillus or should I be careful because Ohio isn’t too far away? And then you get cases like these where both are possible and probability is used…