6050 is where you'll hit the rev limiter.
With a totally stock Mustang, don't bother going over 5500rpms, the powerband falls flat on its face after that. If you have 4.10's you might be able to get away with spinning it a little higher.
If you spin it too high, you might be missing out on some of that torque in the next gear.
As much as some people say it, the modular engines aren't the high-revving engines some people say they are. Sure, the potential for RPM's are there, but the stock crappy intake/heads/cams/exhaust effectively neutralize any chance of 6000+RPMs being a good idea.
P&P heads and intake, big cams, and a nice exhaust would change everything though.