I for one have literally never been bitten by it anywhere. I get that you could launch missiles with it but ultimately that's true of literally any structured programming.
Why did the division symbol get chosen for a concatenation behavior, of all things? Well, I suppose because it looks kind of like how we write paths with slashes, e.g. “dir/subdir/etc”. While I understand how this might be fun aesthetically once you already know the types involved, I find this completely opposite-than-numeric behavior here to be quite ambiguous and unintuitive.
To someone just skimming the code though, it might not at all be obvious that “+=“ and “/=“ both exist as concatenation operators, and their behaviors are different.
But yes it’s an aesthetic preference or opinion; I tend to prefer operators only when their only possible behavior is nearly so obvious that no documentation should be necessary. When that’s not the case, I prefer named functions/methods because they permit being explicit about subtle differences.
OTOH / is an instant mnemonic cue for "append with separator", and + matches the + on std::string.
In fact, to generalize, I think we can fairly say that operator overloads are akin to extremely short function names; in some cases they may work out great when there is not much ambiguity implicit in the underlying problem, but in other cases a longer and more explicitly descriptive name is required to disambiguate. In this case, “append” and “concat” seem quite poor names for different functions, given that they are virtually synonymous and therefore do nothing to describe or distinguish their differences of behavior.
So my claim is that we can do significantly better at resolving ambiguity with carefully named functions (or other approaches) than operators, or tersely/ambiguously named functions (like “append” and “concat”). Of course, this does come at the cost of code verbosity. Just where we should draw the line between too ambiguous vs too verbose, is of course a difficult subjective matter.