Not necessarily.
It may well be the upper limit of what the engine could take due to the heavier reciprocating masses involved, when combined with the limits of metallurgy/technology of the rest of the structure of the engine. You could probably get more out of the engine but you would need to add weight in the fixed parts of the engine to strengthen it.
A more realistic measure would be how many thousand hours per hp per kg engine weight (apologies for the mix of measurements)
A very good example of what I am referring to would be drag car engines. Light weight, powerful (high hp/litre), BUT need an overhaul after about 10 minutes at full throttle (20 runs), and only last less than 2 hrs before being disposed of (if they haven't spectacularly scattered their parts to the earth by then).
Motorbike engines tend to be towards this end of the reliability scale, rather than the ability to go for thousands of hours like aircraft engines (and diesels). Something has to give in the big equations....