Most motors have a service factor of 1.15, meaning they can be run for shot durations at 115% of nameplate rating. But as CompuChip suggested, you're not giving yourself any safety factor and you really should ask yourself just how confident you are in your calcs and whether the peace of mind and assurance of lifespan of having a properly sized motor is worth the extra 5% cost.
Put another way, the cost difference between the two motors is equivalent to the cost of the first four days of running the motor (assuming it runs 24 hrs a day). So is it really worth it to skimp?