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Short answer, yes, safe.
Long answer, I've been running her to redline multiple times a day for well over 50,000 miles of driving. *Shrug* The higher the RPMs, the higher the oil consumption, but as soon as you ease back, the consumption slows down too. I generally have to put in a quart every two/three fillups, which is anywhere from 600-1K miles. If I've been hooning excessively, I may have to put a smidge over a quart in at the second fillup, but I can go back to normal driving and see normal intervals again afterward. As long as your compression is good, it shouldn't be a problem.
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WIP AE102.
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