In a public lab that is used frequently, I believe this would be viewed quite negatively. Not from a "you hacked our systems" perspective but a "it could have been damaging to other students' education if things had gone wrong". To make the differentiation somewhat more clear, filling up a bucket of water from the bathroom sink to clean something vs. removing all the shower heads and making a super funnel of hoses to spray wash your car outside. The former activity is clearly much less likely to cause issues with other students. If the computer lab was in some basement used by 3 students throughout the year, I don't think anybody would care.
Building on that, many universities have computational resources for any level of needs as long as they are justified. Free network storage to last a lifetime and access to computer clusters that comes with your university email. Upgraded computer clusters for class projects, personal research (like this), or really any legitimate need (as long as you don't say something like "I want to mine bitcoin") is an email away from the university IT. The next level would be the university's super computer that generally needs a short proposal to justify the academic purpose. When these systems are in place now, it is kind of hard to justify these type of things.
Edit: The author of the post put a comment basically confirming that things haven't really changed. He was being respectful (low usage lab, allowed people to stop his programs if they needed a computer, low impact to others, etc.). He was given access to more legitimate resources afterwards at the request of the professor. Not as easy as it is now, but that's Moore's law.