Rick,
I would have to disagree. I have read several articles in the past couple of years, by Jaimison in Shooting Times and Barsness in Rifle/Handloader, where they had either strain gages or professional labs test their handloads. Handloads that 'appeared' perfectly safe by traditional measures, proved in the neighborhood of 70,000 PSI, if I recall correctly.
If anyone is interested I'll try to find the magazine articles. Remember - that's no brass flowing, no cratered/pierced/blown primers, nothing out of the ordinary. So what pressure would they have to have to see brass move into the ejector cut in those examples?
It's entirely possible to have things like a sloppy chamber or too-soft lot of brass leave those signs, before you hit those sorts of pressures. In a modern bolt-action rifle, I agree, 65,000psi isn't going to blow it up unless there is some other defect. But.... I don't belive that it is a safe thing to say that you are for sure under 65,000 or even 70,000psi, just because the brass hasn't flowed.
And then there is the entire question of action type. With a bolt gun, they're pretty strong, but if you get brass flowing in a 94 Win, say your prayers......
Respectfully -