......Oh Robin.....tisk, tisk, tisk....
O.k., I re-read the entire post to see if I missed something and low and behold, I did..........which, isn't unusual, for those that know me anyway, like Robin.
I think Robin is on the mark, just need to take a different avenue. I don't have the manual on the 200 hp M-2 DFI and from what I can see, the 210hp, naturally aspirated and the 240 and 250 hp are also different (I have those manuals). So, I'm only left with theory
I still think your being shut down electrically but because, like Robin said, "a short at 5k and over" doesn't add up. But, there are other parameters being monitered by the engine and if a sensor is broken or picking up a wrong signal, then this can also cause your problem.
If this is a loss of fuel pressure like in a carb model, then it would spit and sputter before going dead.
Here's my idea, as you increase the speed of your motor, you have the oil pressure system increasing and the fuel pressure system is increasing. Oil pressure is mechanically driven off the engine as is the fuel pump (this model, may be electric. I have no way to tell.) It does have an electric primer. . These systems have dump valves. What I mean by that is and this is hypothetical, when your at idle, say your fuel pressure is 155 psi, with a return valve that is bleeding off the excess flow, not being used by the engine. Oil pressure too. So as you increase engine speed, there is a couple things happening. As more fuel is being needed to burn in the engine, the return or dump valve (for lack of better terminology, since I don't have a manual) should be closing down, holding fuel pressure to a certain pressure. The same is true for the oil pressure. Now, if your speeding up and the oil pressure relief (dump) valve is not closing down any, then the pressure switch will send the signal to the ECM that your operating on low pressure and to shut down. With the fuel, once injector pressure falls below piston compression pressure, then it to will shut off.
You have a specific problem that is dealing with an electrical component not receiving what it needs to run over the 5000 rpm you've stated.
Your a premium member, I"d look into the manual for tests on the oil pressure switch and fuel pressure switch.
If it was simple like the fuel pump going out, then it would hesitate as it started to starve for fuel. But it's not, it's simply shutting down. That's why I think it's got to be electrical in nature.........
Sorry for the rambling post...........