Yeah don't put anything in the well that could drop and cause the pump to stick. An ice cube works well by timing the splash. Fishing string with a small plastic bobber also works. The static level only matter for how much pressure the CSV will see. When using a CSV a 7GPM, 1HP can build 229 PSI on the pipe before the CSV, regardless of the static level. A 10 GPM, 1HP would have only built 164 PSI, which is not too much for the pipe or the CSV. If the water level ever drops to 400+ feet the 7 GPM pump is needed. But if the static is 50', you would have had plenty of water with a smaller pump set at 300' or so. Then there would be no high pressure for the pipe or CSV to deal with.
There are a few pumps that are over-sized so much they build more pressure than the pipe or the CSV can handle. Knowing the GPM series and horsepower of the pump the pressure is easy to figure. When there is more pressure than the pipe or CSV can handle, and downsizing the pump is not an option, a larger pressure tank is probably best. You could get a VFD controller to deliver constant pressure as long as the up front and long term costs aren't more than replacing the pipe and/or pump.