here is my personal experience:
30 series with the briggs 5hp flathead tops out at 4300 rpm. thats with the 8t jackshaft and stock rear axle sprocket and what 19" tires on the baja heat.
I have also been told that it is the gearing that makes it top out at those lower rpms, not so much the torque converter itself.
I was speaking with another guy who had his torque converters top out at 5500 rpm. He hadn't advanced his timing though, so that may have been holding him back.
With so many variables, and so little information out there, my opinion is that you might want to get the biggest rear axle sprocket and smallest jackshaft sprocket for the best chance of hitting those higher rpms.
What happened with joes mini bike build? IIRC he had some issues with his engine not making RPMs and it was related to timing... then adjusted it and stilll only got 5750 rpm max on a 44 magnum drive/40driven.
I personally top out at 5500 rpm with the 40 series, but that is with the cam that tops out at 5500 rpm.
Im thinking that if your engine target max rpm is up to snuff with all the mods, and your gearing is right, that you can hit that rpm. Just some thoughts and conjecture though, no actual proof.