There isn’t a safe maximum as such, it’s more to do with how long the owner expects the bearing to last.
Plain bearings made of suitable materials are long life provided they’re well lubricated. Unfortunately they are only well lubricated at relatively low RPM, usually under 1000rpm. Speeding causes the oil-film to break down resulting in rapid wear due to metal to metal contact and is why manufacturers suggest keeping rpm low.
Though they get hot, over-sped bearings don’t fail obviously in a shower of sparks. Instead bearing life is quietly reduced, perhaps dramatically. A bearing that would have lasted 50 years at the recommended speed fails after 5 years, or sooner.
Much more damage is caused by prolonged high-speed running. Occasionally running a plain bearing a bit too fast shouldn’t do much harm.
Using an oil of the correct viscosity would help, but I don’t know how to work out what it should be. Thin oils flow through the bearing too quickly, and thick oils don’t flow fast enough. Grease is far too thick. Professionals measure how much metal is in used oil and adjust from there.
Not sure about the Zyto, but inexpensive lathes of that era often came with a cheap plain bearing simply made by boring and polishing a hole in a cast-iron head-stock. Works well, but… Not replaceable, so treat with consideration. The hole can often be clamped to compensate for wear but taking up slack eventually cracks the headstock, a common fault in older lathes.
Plain bearings are good for lathes because they minimise vibration. Unfortunately their short life, fussy lubrication and inability to cope with high speed is a problem, even with HSS. Early attempts to fit roller bearings didn’t go well until technology came up with ways of making perfectly round balls of exactly the same size – took decades. Now that problem is fixed a Far Eastern hobby lathe fitted with ordinary ball-bearings will happily spin at 2000 or 3000rpm. And ball bearings are replaceable if the owner beats them up.
The Zyto isn’t a good choice if high rpm is needed. Though owners are allowed to thrash their tools to get the job done, it feels wrong to me to force a Zyto – it’s an antique. Up to you though – if the lathe was bought to do hard work and longevity isn’t an issue, then go for it. But keep under the speed limit if the lathe is expected to become an heirloom.
Dave