On our recent ring trip we needed to do a bit of a last minute dash to the ferry (one of the rare ones where you catch it from a german autobahn, not a french one which is by roads with speed limits) and we did over 200 miles in under 2 hours in our 172 (essentially the same engine as yours although ours makes a little more power than yours will), it never missed a beat, and during the entire trip of 1700 miles including 3 ring tourist days, 1 ring closed circuit day, and a day at spa, it used only about 250cc or so of oil, in fact possibly even a little under that.
Thats on phase 2 gearing which is 5000rpm for 100mph roughly, we were sat at mainly 6Krpm for most of the 2 hours.
Obviously going to wear more than driven steady, but no real drama. Ours is now on 150K miles nearly and did 20 trackdays or so last year.