the drive unit can fly apart at high rpms. I would either install a heavy duty steel cover (if they even exist?) That is what I will be doing to my mini bike.
You will just need to investigate it some more. I dont think it is necessarily a question of 'HP', but RPM. With higher HP sure your shred belts faster, but id be more concered about the drive unit flying apart and injuring yourself. I saw a video of a guy that put a 30 series on some insanely tricked out drag mini bike and it literally blew the belt to pieces from the HP.
Some thoughts (look into it yourself)
race clutches, built to engage around 4200 rpm, but can engage sooner. these handle all the rpms you can give them. pricey 160-350
junior dragster torque converters. They have a much broader range of gearing, and are super expensive though.
the old comet 340 series is similiar to the model 780 but for lower hp applications, it may be starting to be produced now (check GTC manufacturing).
then what bob said above.
You will have to make sure that the max rpm is not exceeded. 30 series is probably the most susceptible to flinging the weights at high rpm