Spiral-spy uses game resources in a creative manner unrelated to the game. AFAIK, there's nothing you can do in spiral-spy that will affect the game itself.
The stub launcher, when used as (assumed) intended by Eltia, is not much different from the .bat files discussed on the first page of this thread. However, both methods allow the possibility to operate the game in unintended, malicious ways. It's hard to tiptoe around the major security risk of OK-ing the use of unofficial launchers. Very Bad Things can happen if they are abused. Unfortunately, they can facilitate larger offenses of the ToS even if they aren't considered violations themselves.
im with kirnan, why not just post a compiled binary. if spiral-spy didnt get ban-hammered i doubt the stub launcher will.