To further elaborate and support Kaz's point, Mercedes AMG themselves already have a standard version of the M139 that runs this identical ICE only set-up (Not the hybrid version that runs at an even higher level) at 470 hp. You also have the Bathurst Edition Emira in Australia that runs 500HP from the factory. So yeah, there's really no need to consider any updates in actual hardware up to and or around 500hp.
The key element though? The tuning must be appropriate (i.e., with safety checks, etc.). People have to know, most tuned cars don't grenade because they ran too much hp, they grenade because at some point some safety threshold (from the factory tune) gets bypassed that triggers the blow-up.