If you're going to run some boost then you should run some boost. This 5psi shit is just a waste of time. I have NFI why the obsession with big revs since it's just a good way to break things but as an example my 3S spins to 8500rpm makes peak power just under 8K and makes about double the power you're looking for at the wheels. However because I run a decent amount of boost, 21ish psi, it also makes a tonne of torque and has good area under the curve.
Remember power = torque x revs / 5200. Looking at that we can see that there are two ways to make more power, make more torque at the same revs or make the same torque at more revs. Of these two options when running a boosted engine it is going to be far better for longevity to make more torque at the same revs, until you hit detronation issues which is a long way north of what you're suggesting. If you are at the point that you can no longer make more torque at the same revs due to cylinder pressure and octane of available fuels then sure building to move the torque band up to higher speeds is a worthwhile thing to get more power. This shouldn't however be the primary plan for a boosted street car setup.
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