in correcting a misalignment one's aim should be to make one bending correction, not lots of little ones - the reason is to do with work hardening.
Not according to Park Tools, whose instructions for using their hanger alignment tool state:
When bending hanger, it is best to bend in small amounts and recheck. The amount of error is actually one-half the gap between gauge and rim. As the gap is closed, it increases at the reference point 180 degrees away. Bend a bit, recheck both sides, and then re-bend a bit more. Generally, it is best by having the DAG-2.2 arm next to the chainstay. This allows you to use the stay for leverage and control the amount of bending either inward or out. Repeat bending and checking until the gap is less then 4mm.
A bigger concern than anything untoward that may arise from several small adjustments in the same direction is the risk of doing an almighty bend way past where you want to get to and having to bend back again, perhaps doing this to-ing and fro-ing several times if you don't calibrate your bending effort by adopting the technique Park describes.
Many aluminium hangers can be surprisingly stiff and resistant to straightening, even with the leverage afforded by the specialist tool. Consequently, until one has calibrated one's effort by starting off with less force, checking for movement, then trying with more force and re-checking, there is a considerable risk that the unanticipated resistance could lead to too much force and an overbend that needs correcting, which would be more detrimental to the integrity of the hanger than having got there in a few smaller bends all in one direction.