Any guidance on this from experience eg would your run a range of say 1/60 or 1/120 to 1/500?
Would I be correct in guessing you wouldn't want to go below 1/60 to preserve motion and probably wouldn't need to go above 1/500 unless running very bright lighting eg 10K lumen +.
That would be correct - 1/60 at the lowest end and then 1/500 is probably decent unless it is a really bright light close enough to the camera.
But if you have any light at all you might be able to up the lower end.