I've never heard the AMPC version being refereed to as dangerous. Romans 6:23 clearly states that
"the gift of God is eternal life" through Jesus Christ our Lord. That
agrees with Ephesians 2:8 in the AMPC. The problem with saying that faith "is" the gift of God (and not salvation) in Ephesians 2:8 is that would mean men no longer bear the responsibility to place their faith in Jesus Christ for salvation, because it was completely gifted to us. Only the fortunate few end up receiving the gift and everyone else is just out of luck. That brings us back to fatalistic determination with God.
After A.T. Robertson remarked "Grace" is God's part, "faith" ours on Ephesians 2:8, he also went on to say - And that (kai touto). Neuter, not feminine tauth, and so refers not to pisti (feminine) or to cari (feminine also), but to the act of being
saved by grace conditioned on faith on our part. Paul shows that
salvation does not have its source (ex umwn, out of you) in men, but from God. Besides, it is God's
gift (dwron) and not the result of our work.
https://www.biblestudytools.com/commentaries/robertsons-word-pictures/ephesians/ephesians-2-8.html