Speed is more of a concern with noise, although bearings getting over-reved can become a consideration.
Indeed, my crank drive endures heavy force which degrades it (gearbox, chains, sprockets, and mounts stress). On the other hand, I am working on friction drive so that I can get away from those high torques but that means some extra consideration has to be given to high RPMs. The advantage I see for friction drive for me might be that the smallish motors I use have to spin fast anyway, so with the drive right at the outer circumference of the wheel, less gearing down is necessary. It's mainly a matter of getting the thing fabricated since friction drive is rare compared to what it used to be and that means less available premade stuff for piecing together.