What system are you using?
I just built a 4 story house, with 60' walls all out of ICF. 4' lifts would have killed us.
Yes, blowouts are a problem and are a type of hell you never want to experience. (Especially if you are 60' in the air - fortunately, we had our last major one at 12'.) The block's max lift height will be a function of the design of the blocks the set rate of the concrete, and the skill of your mason. Not all block systems are the same - some are stronger. Faster setting concrete helps and it's also a best practice to walk the lift around the building so your lift goes up in layers. (If you load one area to the full height right away, it will stress that one point of the wall.) Also, shooting concrete in too fast with the pump will also help blow out the wall...
You also need a bracing system. No matter what you do, the ICF wall will bend when concrete is poured in. The wall will become wavy, will fall out of plumb, and will no longer be square. The more concrete goes in, the worse this problem is. Do you have a bracing system or are you not using one? If you don't have braces, you will need to limit yourself to very small lifts. (and more visits from the pumping company!)
Due to the importance of getting the first course of ICF "right", plumb, and square, we also did our first lift as a short one. It's a lot easier to do the higher lifts with the bracing system if there is a solid anchor at the bottom.