I don't see how it could be. What can insect brains do that we couldn't get AI to do?
As with AI... a system can be simulated to a given level of fidelity without necessarily simulating the entire original underlying system.
Perhaps more relevantly, an automaton that could observe such a waggle dance using computer vision and then navigate to the food source described by the waggle seems to me to strain the bounds of our current capabilities, or maybe even to surpass them by an order of magnitude.