That motor will run very well at 5800 or so. The stock steel reeds give up (flutter) somewhere around 6200 or so. Putting in fiber reeds will get you close to just under 7000 with an otherwise stock V4 crossflow with 140 port timing on the right hull. Working the intake manifold will get you closer to about 7200. And a motor like that will last a very long time.
Just how much rpm are you looking for? And no, the motor will not automatically explode if it goes over 5500.
Here is ya a recipe for a go-fast V-4 looper:
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With some knowledge,$$$ and time you can get this motor to about 165hp+!!!
Over on the Scream & fly site there was a article by al stoker on building a V-6 looper that put out 325hp!!!!