Consuming a moderate portion of lamb chops that have been mildly cooked is both safe and healthy. Lamb, common red meat used in Mediterranean and American fares, is safe to eat if you are trying to watch your cholesterol levels, in moderation, of course. Choosing the right cut of lamb and preparing it healthily is a big factor. Eating lamb every day has negative health benefits because your body already produces all of the cholesterol you need. For Instance, Cooked lamb has an equal amount of saturated fat and mono-saturated fatty acids. Saturated fat can increase cholesterol level raising levels of low-density lipoprotein (LDL), considered bad cholesterol. Monosaturated fatty acids can lower your cholesterol so eating them in moderation results in many more health benefits.