Wow.. that's seriously high. Think about what happens to your traction patches when you put that much air in. There is less tire touching the ground, at any given point. When you go to brake hard and the weight transfers forward, you want the tire patch to grow. With so much pressure up front, you are definitely minimizing this effect.. and therefore are potentially more likely to lock the front wheel under hard braking.
You also want the tire pressure to come up as you ride.. as in: warming up the tires. Overinflation will prevent your tires from warming up, because traction patches are too small. So potentially, your tires are *cold* the whole ride.. once again, less traction.
I agree that rolling profiles of motorcycle tires can be drastically different, but that much of a pressure difference seems exsessive.
Also consider this: I know we are talking about street riding, but baseline pressure on the track is 30psi front/rear.. for bikes where manufacturers recommend 36f/42r. Of course it's about maximum traction on the track and not about tire wear, but there needs to be a compromise.
For what it's worth, I had PR2 on both FZ6 and FZ1 (I know.. not exactly the same as PR4) and I always ran suggested pressure (33/36 .. I weigh 170). Bike handled beautifully.
Also ran suggested pressure on FZ1 with those tires (36/42) and they lasted over 12k miles.