While that can happen, it has happened in the past many times as a slower, multiple smaller slides. Also has happened as a single block, and resulted in van sized boulders from the sea bottom being tossed as much as 650 ft above sea level on a nearby island. That was about 72,000 years ago. I have also read of similar coral rock in Florida that have been found inland, but, of course, at much lower elevation. The article I read at the time stated that researchers were divided between a very large storm or tsunami. Also, no dates on the debris. I'll see if I can find anything current on that.
So, yes, a volcanic eruption can trigger a flank collapse, but odds are it will be in sections, over time. However, there is a chance of a single large slide that would trigger a mega-tsunami for the islands close by, and there is evidence of this type of tsunami creating havoc thousands of miles across the ocean. Kind of like the danger of getting hit by lightning. Pretty damned small, but it does happen. Real bummer if you pick the winning ticket.
Flank collapses are most commonly caused by unstable sections of the volcano responding to uplift from magma intrusion. Thus they can cause an eruption (usually phreatomagmatic), but are rarely the result of one.
West.........my understanding though is this particular volcano has some unique dynamic of massive cores of space in between sections of rock that gets massive steam buildup, thus, this pressure becomes the big concern.
Flank collapse only happens when you have a very steeply sided volcano (way beyond the angle of repose) that gives way, usually along a particular plane, created by multiple layers of volcanic ash being deposited over millenia. As magma intrudes underneath the resulting bulge quite literally pushes the slab of mountain over. The most common way it happens is for the entire region (hundreds of kilometers in some cases) to break loose and plummet down to the lowest level it can attain. It is a gravity fueled situation.
When the slab releases, it will oftentimes allow sea water into direct contact with the magma chamber, and that results in a huuuuuuuuge explosion. Krakatoa is a recent example. The sound from that explosion was heard over 3,000 miles away, and that explosion will obliterate the slab before it can have too great an impact. There will still be a tsunami,, it just will be a result of the blast wave, and not the slab of mountain falling into the ocean.
Mt. Saint Helens was likewise a flank collapse that then led to an eruption. Here is a good video for that made up of a series of stills that were taken during the collapse.