Re: If I have twins and one dies.....
In most cases, I think its more of a long term problem than a short term problem. To me, this is true because the motor involved, is usually not so overpropped that it is being worked to a point of overheating, in the short term.
You should check your manual, or talk to your OMC/BRP technician to be sure, but I think your recommended WOT range is 5,000 to 5,500 rpm. Since your are running at 5,800 WOT with both engines, you are already slightly under-propped. If the boat were mine, I wouldn't run it over 5,500 for a couple of reasons, First, because the extra 300 rpm aren't going to push the boat much faster, and second, because you will get much better fuel economy by backing off the motor a bit.
In smooth water, you could probably get away with running on plane with one engine, and could probably back off in the way that QC mentioned. If you do this, just pay attention to engine temperature. I also wouldn't do it frequently, or for very long distances.
Where I think you will run into difficulty, is in single engine operation in good sized seas. At 4,300 rpm, you are quite a bit below minimum recommended WOT rpm. This will give you essentially no reserve in terms of torque, and every time you have to push throuh a sea, you will most likely come off plane. The constant cycle of doing this, could stress the engine to some degree. As to how much of an unacceptable stress that might be, I would defer to the experts on the matter.