Hi Igor:
Castle Set Rpm mode prefers that you be somewhere between 70% & 85% of max RPM capability. At kV=1360 with 7.4V the max is something like 10,064 RPM max, so it will give warnings below about 7000RPM and above about 8500 RPM give or take a little.
I have successfully flown at 52% throttle, your friend is going to be around 42%. I'd say give it a go...
BTW if you want to see how it generates the "red warning, just enter diferent values for kv. THe "Too slow" warning should disappear for approx kv=810 setting, the "too fast" should appear at about kv= 665 (I think..!)