Thing is we have no idea on how much a single species or its absence can effect the ecosystem until they do.
This is true, although we have more knowledge about larger animals like wolves, bears, or big horned sheep and can make some predictions based on what we see where they still survive and where they have been eradicated.
Most insect species have not been studied so we have little knowledge of their function within their ecosystem.
Introduction of single species of insects can happen accidentally more easily with insects and can have devastating impact.
Dendroctonus ponderosae, the Mountain Pine Beetle is causing heavy damage to forests throughout the Rocky Mountain region.
Mountain Pine Beetle Epidemic
There are hundreds of species of bark beetles some which infect the trees with a fungus that is as deadly for the trees as the beetles themselves.
Another species,
Halyomorpha halys, the Brown Marmorated Stink Bug, attacks numerous fruits and vegetables and is very hard to control.
Brown marmorated stink bug
I worked on projects to study these species along with many others. In the case of Halymorpha we found several species of parasitoid wasps that may ultimately control them but we will probably never be able to eradicate them.
What if Eleanor Roosevelt had wings? -- Monty Python
One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie
If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy
The reason that we have the scientific method is because common sense isn't reliable. -- Taq