I went to a seminar on MGs a few years ago, ( The car; not machine guns).
The guy running the seminar promised a 10 HP increase at no cost. He asked--by a show of hands-- at what RPM were people shifting. Most people were shifting at 3500 or lower. he then showed the RPM/HP curve, and there was at least 10 HP above that RPM that was not being used. His point, at least for MGs, was to run it right up to the redline when shifting. A second or two at that speed for every shift would have no measureable effect on engine life.