Modern 6.5x55 is pretty hot for that action. Here is what I have found elsewhere.
"You should not shoot full power Norma 6,5X55 hunting or match ammo in your Norwegian Krag. It is weaker than Swedish mausers and newer rifles. After the war (WW2) we had some blown up krag actions in Norway, and the pressure of the 6,5 Krag ammunition was set down to approximately 3000 BAR, later(in the 70s) it was even sat down to 2800 BAR (before WW2 pressure on Krag ammo was the same as pressure on swedish mauser ammo, approx 3100 BAR). Today 6,5X55 Swedish has a max pressure of 3800 BAR.
2800BAR = 40600PSI
3100BAR= 45000PSI
3800 BAR=55000PSI"
Other than this quote I have heard discussion in regards to Norwegian Krags receiving failure, specifically in regards to there speed shooting competitions in Norway, due to repeated loads at higher pressures (which also coincides with the time period which they would have bumped the max pressures down to 2800 BAR).
40600PSI is roughly where a 1889 Swiss or a 1888/90 Mannlicher rifle would sit pressure wise, and seeing as those are comparable in terms of metallurgy and weakness of action, I think that would be a good safe area to aim for in a handload.