Too much of anything is bad for you, my friend....
.... as Anthrax said, honey is mainly fructose.... which isn't the best sugar for bodybuilding as it doesn't give the best insulin response and can promote fat gain.
Also you should be mindful of taking in too much sugar, regardless of fat.... because of health complications like gout, liver probems, gall and kidney stones in later life.
I recommend drinking a lot of water if you're going to keep your honey (sugar) intake so high.