Do you realy gain all that much from revving your engine that high? Can't be good for reliabilty or longevity of the engine I'm thinking but I don't know half as much as these guys do.
You seen berg cup cars then? 10Krpm!!!
Well they aint gonna last 100kmiles if you know what i mean. mine was rebuilt after 10K, although I clocked that up on road miles for which the car was not originally built for. Build a solid engine though, it'll last and be reliable, rebuild will conissit of pistons rings and freshen up generally, as yoof before has said ignition becomes a problem.
As for any gain up there, you need to find the right cam to make the best of it, I tried a newman 264deg, crap, peaked power at 6600rpm, a 1000rpm under what i wanted and couldn't really play with the vernier. Never got to try anything else.
Although i do agree that a lower rpm and a bigger turbo say will give you as much benefit.