Anything can break. If your running it at max rpm for a minute or two on a old engine.. who knows?? Every engine wears, and it happens to wear more the more you push it. I noticed that mine smokes a slight bit after a few top speed runs, but I think its just blown by oil into the combustion chamber (gets burned off)..
It all depends on factors, how good is the engine tuned? More importantly how long will you be at the top rpm? I only hit 5000-5500 rpm for short burst.. showin off for people haha. I generally try to keep it under 5000rpm'ish (I dont have a tachometer, just guessing) all the time and full rpm for short bursts.