I don't think it's necessary to completely discard the idea. However, I do think it's important, at the end of it all, to ask: Okay, so what's the utility of this framework? What am I getting out of setting up my point of view this way?
I'm reminded of an old YouTube video [0] that I rewatched recently. That video is "Every Zelda is the Darkest Zelda." Topically, it's completely different. But in it Jacob Geller talks about how there are many videos with fan theories about Zelda games where they're talking about how messed up the game is. Except, that's their only point. If you frame the game in some way, it's really messed up. It doesn't extract any additional meaning, and textually it's not what's present. So you're going through all this decoding and framing, and at the end your conclusion is... nothing. The Mario characters represent the seven deadly sins? Well, that's messed up. That's maybe fun, but it's an empty analysis. It has no insight. No bite.
So, what's the result here other than: Well, that's neat. It's an interesting frame. But other than the thought to construct it, does it inform us of anything? Honestly, I'm not even sure it's really saying life is a form of programming. It seems equally likely it's saying programming is a form of biochemistry (which, honestly, makes more sense given the origins of programming). But even if that were so, what does that give us that we didn't already know? I'm going to bake a pie, so I guess I should learn Go? No, the idea feels descriptive rather than a synthesis. Like an analogy without the conclusion. The pie has no bite.
[0]: https://youtu.be/O2tXLsEUpaQ