As far as what EGT is safe for an extended period, I can only go by conventional wisdom found online. And opinions vary, but between 1300-1400 is what I found to be the consensus. I had my alarm at 1300 for a while, but my engine would reach that point when other parameters seemed to be safe. So I increased it to 1350, and as I said, I will let it bounce off that a bit, but if it hangs there I will back off the throttle a bit. Also, I have a 4" turbo-back exhaust system (Magnaflow) which is supposed to help reduce EGT slightly. I certainly could not prove that.
It is about being easier on your engine. The Powerstroke 6.0 (remember, that's what the PO is asking about) is the last Navistar/Ford diesel that is not equipped with an EGT from the factory. Later engines will defuel based on EGT. All the current diesel engines will too. I have to take responsibility for doing that manually. Or alternatively, I could just trust the Ford engineers to have provided a system that is failsafe at any load level for ignorant owners. I don't.