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The short answer is yes, a sagging plaster ceiling is dangerous. Sagging plaster on a wall is something you should fix immediately, but it isn’t a major concern. If the same type of sagging occurs on a ceiling, however, you could be in danger of your ceiling falling in large chunks. When plaster sags, it loses its strength and ability to hold itself up. The bonds that hold it together are strong, though, so if a sagging area falls, it will take large pieces down with it.

It's generally recommended to hang drywall on the ceiling first before moving on to the walls. This sequence allows the ceiling sheets to provide support for the vertical wall sheets. By attaching the ceiling drywall initially, you establish a solid framework to align and attach the wall panels accurately. This method ensures a seamless and sturdy connection between the ceiling and walls, resulting in a more professional finish.

Both plaster and drywall are durable wall finishes, but they differ significantly in installation, cost, performance, and aesthetics.

Installation & Cost: Drywall installation is faster and more affordable, typically costing $1.50 to $3 per square foot. It uses premade sheets, making it a more accessible DIY project. Plastering is a labor-intensive craft that requires specialized skills, pushing costs to $2 to $10 per square foot. It involves applying a wet paste over a lath framework.

Durability & Performance: Plaster is generally more durable, longer-lasting, and provides superior soundproofing. It is also a better insulator, which can help reduce energy costs. Drywall is easier to remove for future renovations.

Aesthetics: Drywall provides a smooth, uniform surface ready for paint or texture. Plaster offers a high-end, naturally textured look that can hide imperfections and is often preferred for achieving a classic or historic aesthetic.

Which is better? The choice depends on your priorities. Drywall is ideal for those prioritizing a lower upfront cost, faster installation, and DIY potential. Plaster is the better option for a higher-end project where durability, soundproofing, and a unique, premium finish are more important than the initial cost.

In some minor cases, you can DIY drywall repair with minimal time and money spent. This method is best when you have a hole made by a singular problem, such as accidental furniture moving, and not a continuous problem, like a rodent infestation. 

Knowing what product to use is crucial. For example, small holes only need spackle, whereas large holes might need a new piece of drywall. You can flex your DIY abilities on this project, but if you’d like a second opinion or have a more significant problem, it’s best to call in a drywall repair pro.