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I have a question. If I write a new article for my blog, and decide that I want to use backlinking on the inner page, does that usually cause the top level website to go through the "google dance" phenomenon?
In search engine optimization (SEO), Google Dance is an out-dated slang term used to describe the period of time in which Google used to rebuild its rankings, and as a result of this rebuilding, rankings of Web sites on Google's SERP may fluctuate in order during a several day period. The "Google Dance" would happen anywhere up to 36 times per year, however in 2003 Google begun updating its index on a weekly basis, which all but eliminated the Google Dance.
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I must, in part, disagree with you, we also see google dance's today for new websites... and the one that use black hat technique... and also when updates are released... Those are smaller then they was before but this can happen.
And to answer to the question..
No will not affect your website in a negative way... If you make from this strategy a constant one you will see some PR increasing but this also depends on many other factors...
As you said it that the Google Dance is a phenomenon that means it is not a regular thing. When Google does an updating of indexing it is like doing a cleanup of the hard disk that nothing is stable until the cleanup is done. I think the updating of indexing take a short time and if you happen to check during that period then the rankings may be out of order. But it will return to normal soon so there is no need to worry.