Why not? I wouldn't redline it all the time. Just upgrade the fuel pump, the injectors, open up the exhaust to relieve some back pressure, pick up a tuning kit and have fun. Forego the higher boost pulley. EDIT: Don't just "throw" it on there. Get your engine and transmission well prepared in advance.
I've got 320k on mine with the charger in my shop and new nose cone ready to bolt on. I'm porting and polishing the manifold first and upgrading the transmission valve body, headers, higher cc fuel injectors, fuel pump, t-stat, and tuning kit. It will be ready to go on next spring. All I'm looking for is the extra "umph" when needed.
EDIT: I don't recall who said it, either [MENTION=44220]BigFishAllDay[/MENTION] or [MENTION=53337]SCRunner12[/MENTION] but in the supercharger thread they likened it to a cheese pizza. Then came the toppings and everything begins to add up.