Keep the piston and bearing clearances close to minimum, and do a pretty good static balance job, and don't worry about anything under 3,000 RPM. I think most of the inline sixes were horsepower rated at or above 4,000 RPM, so that should give you an idea what the engine is capable of surviving. My Motor manual lists the 1958 model car 235 at 145 HP at 4,200 RPM, with a torque peak of 215 Ft./LB. at 2,400. The 261 should beat those numbers by a noticeable amount, and since the stroke is the same as the 235, it should live happily at 3,500 or less for a long time.
Jerry