Keeping stock specs, there is no use for revs higher than 6500. You can see that in most dynos, power starts to get linear at 6400 and drop around 6500rpms and over.
About the MEAN PISTON SPEED damage: this is only a "longetivity issue". If we are going to talk about a 200k mile checkup, our engines will have massive wear in contrast to one with shorter stroke. Piston travels faster generally at any rpm point. 7200 is not meant to be good in our engines, and thats why our REDLINE starts @ 6500rpms, beyond that point, its really stressing. I talked once to the SCCA proteges mechanics and he just told me the same. They rev up to 8k rpms, but the engines does not last the season. They use 3-4 engines for the whole season, because the wear and tear is big. Even using forged internals. The rest of the cars finish the season with 1 engine.
IF you want to go over 6500rpm reliable,you need to make the engine breathe better by either:
1. doing custom valve job to prevent valve float
2. port polishing
3. shorter runners
4. bigger throttle
5. and of course, better piston/con rod assembly.
Ok now, what breaks a motor, is mostly the high revs, but it isnt the Mean Piston Speed...is the MEAN PISTON ACCELERATION. It the tensile (inertial) LOAD that wants to make things go apart and its the tensile strenght what measures internal resistance to break. This load is porportional to the rpm speed SQUARED. TDC is the worst load in the engine. The book Maximum Boost by Corky Bell explains this better.
Thats why IF you want to go HIGH BOOST you will need to RETARD TIMING (or use HIGH OCTANE GAS) in order to move the Peak Pressure a bit later on the power stroke, which is the highest ever experienced on the power stroke and turbo makes the usable power AFTER that. Thats why you can double the power on any engine (with good engine management) and not double the load.
So...in our engines...you want more power, reliable? turbo...and dont rev too high...
if you do things right, a turboed FSDE will last longer than a high reved one.