Sport bikes with high-performance engines have a narrow powerband. You start out on them and let the revs build up towards the redline and at a certain point you suddenly feel a huge burst of power. The faster the engine is going, the more horsepower it develops, so to get the most performance out of it you keep it revved up all the time.
In racing you're not thinking about how long your engine will last. So long as it finishes the race, you don't care how hard you are on it. There's an old saying that the perfect racing machine, car or bike, slides across the finish line in a shower of parts. If anything -didn't- break, it was built too strong and the bike could have been lighter and faster.
On a street bike, this kind of riding shortens engine life. It accelerates wear on rings, valves, cams, etc. That's beside it not being safe. 8^)
Your LTD is a cruiser. It's not meant to be a race bike or high-performance bike. It has torque in the lower rev range so you don't have to keep it revved up all the time. Yes, you can get better acceleration if you let it rev up to the redline. But it's not designed to do that all the time. If you do it all the time you're going to break something.