I run my towers the same way, resetting condenser water supply temp via wet bulb approach, ~ seven degrees for our Evapco towers. That said, I have limits on the protocol in place so there is a maximum and minimum setpoint. I've also found I needed to work a buffer into the program to slow reaction time to changes in wet bulb, otherwise the frequency drives on the tower motors hunted excessively.
Chiller surge is bad. A centrifugal compressor is a non-positive displacement pump. If the pressure difference becomes too high between the condenser and the cooler (evaporator), gas flow reverses across the impeller, at the same time attempting to stall the impeller. This causes a huge jump in compressor motor amps and also strains the drivetrain of the motor to impeller power transfer. On the higher efficiency chillers, tolerances between the impeller and its surrounding enclosure is very small; unchecked surging can lead to increased bearing play and gear lash, which in turn can lead to the impeller striking a stationary surface. Not good!
Many chillers of more recent vintage have surge prevention algorithms. I've set mine a bit conservative so it will go into surge prevention mode quicker when operating conditions deteriorate to that point. Conditions favorable for surge to occur is high entering condenser water temperature, not to mention clogged tower and condenser water pump strainers, fouled tubes due to scaling and/or debris, or a fouled tower. Good water chemical treatment and annual punching of condenser tubes are vital to keep a chiller healthy and away from surge territory, along with good tower management.