Agreed- the std cams aren't a limit; the airbox and intake flow is.
If you have modified cams you can use a little overrev, but apart from saving you a gearchange on the dragstrip or possibly on a trackday it isn't much use; you want to change into a rev number which will give you torque and horsepower to pull you through another gear, so over-revving and then changing up into the point where you're almost out of revs again doesn't help much.
I'd guess that these motors can reliably over-rev to 1000 more than they normally do, but unless you've done some fairly radical head/airbox/cam work they won't be in a useful power range at that point.
Have a look at the way hp and torque drop off just before the rev limiter on pretty much all dyno charts.....
They just run out of puff. That's why the stage 2 and 3 bikes hang on to peak hp and torque doesn't lose much either. A bit more air and fuel, plus ram-air helps hugely in getting more combustible gasses into the combustion chambers at high revs.
Don't let me stop you trying, though....

It's not falling off, it's an upgrade opportunity.