Yes but the S54 is giving away 2 cylinders and not far shy of 2 litres capacity. Its much les of a mass to spool up so it isn't really fair to compare it rev wise to the S62.
I agree with others on caution to be taken in raising it. Unless the car was specifically being built to do runs and a gearchange less would help out your trap time on the strip etc i don't see the point of hanging in a gear for that long.
Anything you get regarding information about will be purely anecdotal, as there have been failures with and without rev limits raised on here. There have also been plenty of people who haven't seen a failure at all. Because you'll never get 300 failed engines together at a bench and know every history detail about how its run, looked after, oiled, warmed up etc then the resulting failure or not isn't benched as the "test" isn't fair, hence unfortunately you have to go on opinions.
Its really up to you, but the consensus here i would think for the most part is:
The S62 "can" have issues with rod bearings and so why exacerbate that risk, however big or small by potentially over revving the motor for minimal if any gain?
Of course, you could raise away and live happily ever after, who knows. You have to decide pro's v (potential) cons, because there isn't simply one 100% answer out there.
My thoughts as well as the above on the issue is plenty of R&D by BMW was put into the rev limit, its there for a reason. Its not like any other part of the car where a compromise sometimes has to be made to satisfy something, like cabin noise, emissions, production costs etc etc, its a piece of code that says "let the engine rev to x RPM". If its set at something, you can bet its because overall its for the most amount of performance vs risk of failure, excessive wear etc, and also suited to the power curve of the engine vis a vis, power dropping off so there isn't really a point to set it further.
A remap may give you small gains at the top beyond a standard rev limit but in reality there are other areas of thos cars performance that hold it back, chasing a few HP with increased revs and perhaps increasing a risk of motor failure isn't worth it.
If you want 30HP everywhere rather than screwing the car to the wall for 4HP at a screaming 7500RPM, get a set of headers.
I appreciate the cost is a bit different but thats what happens when you chase performance figures on a performance engine. You simply have to pay