Pedestalizing is not bad so long as it is not obsession and at a significant sacrifice. Even in a relationship for instance you should admire qualities about the person you are with, which is why you are with them. If you do not hold your wife/girlfriend on a higher level than most women. In a healthy relationship both parties put each other on a pedestal, a woman should respect and look up to her man and vice versa which his ideal. In fact, such a thing raises both people in a relationship and makes both better.
The problem with pedestalizing women comes at an expense, at a sacrifice that is unwarranted or foolish. When a desperate man pedestalizes a woman, and decides that he is going to debase himself and deal with her BS then that is not healthy. Or when a girl dumps a guy, she does not admire him but he admires and pedestalizes her and suffers that he is unable to be with her.
Just as with Ubercat saying that men pedestalizing me is not a bad thing. The person on the pedestal is someone who has qualities that we admire and we desire to emulate. We praise those qualities, and thus praise the person who has those qualities. For instance, I pedestalize Churchill for his leadership, Einstein for his genius, Nietzsche for his philosophy and a number of other men both past and present. They show me something to aspire to, something that man can achieve. They set the bar that I desire to reach, so that I can stand on that pedestal with them. Good qualities in a person should be praised, leaders deserve their respect, innovators and trailblazers deserve admiration. So long as the person does not become obsessed it can be a healthy and positive thing for a person.
However, if a man debases himself to pedestalize another man then it is dysfunctional. As per the situation you mentioned with the second guy. If a man admires another man so much that he puts up with unnecessary bull$hit, then it is not much different than if he admires a girl so much to put up with her BS. Certianly they are being pedestalized for different qualities (the female sexual, the man for strong traits) but the outcome is not much different.
Ultimately, and I think you hit on it
@LiveYourDream , it depends on the person. If a person is insecure and dysfunctional, then they are more likely to make dysfunctional decisions. The insecure man who pedestalizes a girl at his own expense, and the insecure man who pedestalizes a man at expense to his own ego are both insecure. A secure person can place people on a pedestal, but they do not let that abase who they are.