Hello Jacob,
this is really interesting question. According to Power Architecture 32-bit EABI standard, it is required to align stack to 16 bytes.
I have not found anywhere, what is the impact of 8 byte alignment but I had consulted this topic with my colleague who is application engineer for S32 Design Studio and he told me it is very recommended to follow EABI standard especially when it is related to operating system development.
So, this is what EABI defines, but as I wrote you above, I cannot judge the risk, when you will not follow this standard.
Hope this helps a little bit.
Regards,
Martin