How big do you go with an Easton MonkeyLite XC handlebar?
I am using a Monkeylite XC handlebar on my 5spot for somewhat aggressive XC on rocky terrain, with repeated drops up to 1-2 feet (nothing bigger).
Provided that I installed it properly (torque wrench and TLC), is there anything to be worried about?
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No you will be fine. I've had mine for 5 years and a normal trail ride has multiple 1 to 2 foot drops and numerous 2 foot plus high jumps most with flat non transition landings. I don't crash a lot but when I do it is a good one and the bar is still here.