Using a more durrible wax will leave the paint feeling and looking great, longer.
Technically you can use to much wax. Any time you rub anything on your car you are causing micromarring on some level, even if its not visible to the human eye. So technically it could eventually lead to excessive swirling, which would need to be buffed out. Doing this repedidly can take out a substantial amount of clearcoat.
In reality, its nothing to worry about. The micromarring isn't going to be enough where it can't be corrected with a very light compound. The drawback would be the cost, and effort/work to continually reapply the wax.
You might want to look into a durrible wax like Blitz, Pinnacle, P21S, etc
...or my favorite, a quality polymer sealant. Most polymer sealants will out last carnauba based waxes by months.