WOT could be abusive in the following scenario...
You buy a used car, previously driven by Grammy Jones who never took it above 1500 rpm (and that was by mistake!) for tens of thousands of miles. The top piston ring can create a wear ridge at the top of the travel of that piston ring.
Fast forward to you buying this car, and deciding to give it an Italian tuneup (love that term!). At higher rpms, the piston will travel further than it has gone before, simply due to elastic deformation of the piston rod and piston assembly having larger inertial loads (elastic deformation is reversible if you remove the loading).
Result: possible broken piston rings, or perhaps worse.
Solution: give your car the flogging it deserves at least once a week when fully warmed up. You should make a wear ramp as opposed to a wear ridge, and prevent future damage when you *have* to go WOT.
Me, I like to give my car an Italian tuneup once a week now... I used to do it every day
Miss that hill, don't miss that 1+ hour commute!