I shoot for 230 or less while driving. But I read a magazine test of the v-spec engine, and when they were running the dyno test, they were keeping the temp. at 250 on 30% fuel. But that is probably because they were shooting for absolute maximum horsepower, which will likely cost you in the engine longevity department.
For a cheapo engine I would say squeeze every last drop out of it that you can. But for an engine like the V-spec that is almost three bills, and has almost three horsepower, I would say conservative settings would be wise. That is, unless you are a factory driver, that gets your engines for free.