The regular spillway problems are no big deal. Yes, there will be more damage to it if they keep using it, and it is severely damaged, but they must keep using it and it's failure doesn't threaten the dam.
The bigger issue is the emergency spillway. As the water pours over the top it erodes the sloping hillside that the water pours onto. The parking lot next to the emergency spillway is also overflowing down the same hill.
The cascade of water is cutting deeply into the dirt slope and the cut is undercutting backward and upward toward the emergency spillway. It appears to be just mountain dirt. If this undercutting undermines the emergency spillway, it will fail and open up a port to the lake from underneath. Then the erosion from lake water will cut a channel that will begin to drain the lake. That will be uncontrollable and devastating.
They are currently sandbagging (with some kind of giant bags filled with rocks) the undercut to try to stop it as the regular spillway is open for business and getting the emergency overflow stopped.
No big deal how much damage occurs to the regular spillway as long as it can lower the lake level and I read they have increased the flow to about 100,000 cfs to do just that.
Early on in the regular spillway failure, there was a lot of mud being scoured out and flowing down into the river. Then the water cleared up and they announced the cut had reached "bedrock". Whatever that material is, it's not just soft dirt and it's much harder to cut. That's reassuring and will allow them to open the gates for max flow to save the emergency spillway from being undercut.
Overall, it's a poor design where an overflow can cut soft ground and lead to a catastrophic failure.
If there is a major failure it probably won't be for another week or two. By then everyone will be back in town!
This is going to be a very expensive re-design and fix. The scale of it is really impressive. That spillway looks small in pictures, but it is huge in person.