Yes but you need to allow extra time- for the spark to finish, which can vary a bit due to plug gap and plug+cable resistance, misfires etc. Also, dwell varies with system voltage so assume 11V say, not 14V; and you have some wiring and IGBT resistance, so the current ramp up is never as fast as theoretical.
Say 2msec dwell max. and 1.5msec for spark duration, so 3.5msec cycle time around 300Hz. You can go faster if you compromise dwell time. This is another reason for coil-on-plug technology which allows higher engine speeds.
That gives a single HEI coil on a V8 at 300Hz is (I think) 4,500RPM. If you wanted 6,000 RPM you'd have to live with the 4.5A that you can ramp up to in the available time.