I'd have to say that as long as no one is gaining an advantage or in imminent danger of being injured a no call is a perfectly reasonable judgement.
If you think that that kind of play deserves some kind of call (make sure it's not based on the pleadings of the coach or the fans
) you can always reach in that official's-bag-o-tricks and pull out the "Double Personal." It's a great way to stop play, cool tempers, and send a message.