Well, Sean Hyland isn't actually a Mark VIII guy, he's a 4.6 liter guy, and he builds race motors so:
1) His experience is with the 4.6 line as a broad spectrum, not specifically the Mark VIII motor.
2) He builds racing engines which probably are put under a greater strain (max output) for a longer period than our daily drivers, and if one breaks it makes him look bad, so he undoubtedly overbuilds to keep that from happening.
3) Early "Teksid" 4.6s (93s and early 94s) were hand poured and hand cooled by Teksid themselves, and so I would expect they are stronger internally, which may be why one motor can handle more boost and another can't, yet both be in the hands of knowledgeable Mark VIII people.
All in all, it's YOUR motor and ultimately it's your decision. So if you boost the thing to 12 pounds and it holds together over an extended period, that's good on you. I only responded because you were asking what the safe boost limit is, and from what I read (not personal experience) 8 or 9 pounds with stock internals is pretty much it.