As I see your question, there are really two parts. The first is the asked query, which is the safety of continued operation. The second part, unasked, but deserving of discussion, is the issue of the glazed cylinder.
First, you're making a guess as to what is wrong. You cited lacking power and black oil.
Oil consumption, it turns black pretty quick after an oil change, and performance is weak...
The color of oil is meaningless. It's often cited by one source or another as having some significance; it has none. It doesn't mean the engine is dirty, the oil is dirty, there is blowby occuring, the oil is worn out, excessive heat has occured...whatever...it means none of that. It means the oil is dark. Oil color is meaningless. Clear, clean looking oil doesn't mean anything, either.
If the engine has been overhauled or cylinders replaced, then the oil turning black quickly is to be expected, but tells you nothing.
How do you know the cylinders are not breaking in?
What procedure have you used for the past 50 hours while breaking in the engine?
What is your current oil consumption, and where is it going? Have you performed a leakdown test/compression test to verify the leakage source? Has anyone boroscoped the cylinders to check for glazing?
Is it safe? There's the 64 dollar question. As you don't know what's wrong, but suspect something, then answering that your guess might be safe isn't really a safe answer....neither is the guess. If you don't know what's wrong with the airplane, then why continue to fly it? If it's only an improper cylinder break-in, then no, you probably have little to worry about, so far as safety. However, if you have a known problem (which you don't; you don't know what you've got)...then why would you continue to fly without getting that known problem fixed?
You have an unknown problem, and you're lacking performance (but haven't specified what that means). And you're continuing to fly. I submit that this isn't a wise idea. Suppose you have another problem? Aircraft and engines talk to you, often enough, warning you of bigger impending problems. Sometimes that little hint, that lack of power, that creaking, that intermittant problem, whatever it may be, is all the warning you get. You are wise to listen to the warnings, whenever they come, and proceed with caution.
Have you taken oil samples for spectrometric analysis?