(This is coming from a player who plays solo with randoms) It's such a stupid idea. Unless you're literally John Wick, it's never a great idea. If you're like, ridiculously good and can take the hoards of squads, do it, more power (and RP) to you. But if you're going to go to Skulltown just to immediately die to a Gibby with a peacekeeper, don't expect your teammates to bust in like the FBI to save you. And furthermore, don't shittalk your teammates because they're not going to throw away their RP to save a player who obviously doesn't care about their team's well-being. I've had tons of games where a TTV Wraith hot drops, gets shredded as soon as she touches the ground, then screeches in voicechat about how "MY TEAM IS NEVER WITH ME" and "SHIT TEAMMATES". It's just annoying.
Although, hot dropping in normal rounds is pretty fun
Source: https://www.reddit.com/r/apexlegends/comments/g6bvw1/dont_hot_drop_in_ranked/