i would say yes it's dangerous, just because you aren't 100% sure what caused it. typically heavy duty parts (like axle shafts) will be significantly weakened if they are bent, so if it lets go... good bye truck, not to mention where is that wheel going? I drive a tow truck, i've seen more than a couple bad accidents caused by someone hitting a wheel that got thrown from a vehicle, it could take out a windshield and a driver if it bounces right before another car hits it... last one I saw, a brand new import commuter hit a VW golf wheel, and it wrote off the import, and that's your insurance that gets hit for the write off...
simple way to figure out what it is, jack up that wheel and spin it by hand, if it's wobbling, you should be able to see it wobble at low speed, and should be able to figure out what wobbles and what doesn't where those parts meet is what is bent.
IMHO, it's going to be RIGHT at the rim, if it was any further into the axle tube, it would be bouncing up and down, causing a vibration, it is most likely going to be a bent rim, that you didn't notice before doing this work, or the flange it's self, the axle shaft is probably perfectly straight, i'm going to guess the guy who you bought your diff off of probably put the truck sideways into a curb while drifting or hooning in general... was it off of a mustang?