It used to be the rule that the more you squeezed out of a diesel engine in the way of hp and torque, the shorter the lifespan of said engine would be. I think that rule still holds- it would make sense if it did, wouldn't it?- but modern common-rail diesels with electronic engine controls have much better control of injector spray patterns and timing. That said, I would not buy the highest-option engine in the M11 range. I think 650 hp or similar is going to get you plenty of speed.
M11s are also available in the Cummins Recon program at significant cost savings, and they are warranteed by Cummins. Look into those.
With 645 hp engines, you would probably have a thirty-knot cruise if you wanted to use it. At 25 knots, though, you would burn far less fuel, etc...you know the deal, YMMV.