I am very hesitant in deleting answers that are not a clear violation of our rules.
Keep downvoted answers
even if the information in them is incomplete or blatantly wrong.
Benefits of bad content
Downvoted answers are - unless you changed the sorting - at the bottom of the list of answers. While they most likely don't tell you how to solve your problem, they provide information about what you shouldn't try in the first place.
After an answer has a total score of -3 it begins fading to gray. Even users unfamiliar with the SE model will figure out that this answer isn't the best one.
Users might even search for the bad solution proposed in the downvoted answer, are referred to the question and see the better alternatives proposed in the upvoted and accepted answers.
Who is qualified to control the quality?
Unless content is really, really, obviously bad - I mean offensive, spam or the like - Moderators should not be considered to be capable of judging the quality of content, especially not in those topics they have no experience with. That's what voting is supposed to do.
When saying Moderators I mean everyone with the capability to vote on deletes. Be careful if you vote to delete a question or an answer, as a non-diamond vote isn't binding it is not a big mistake to be a bit more pro-active, but still you should not throw them around.