ASR Warning Light-W140

Yesterday for the first time in a long time, I took a long trip in my '95 S500. I wanted to give the engine a work out so I had D2 gear engaged. I noticed, at times, that if felt like the engine was missing when I would accelerate in and out of traffic (3000-4000+ RPM's, 65-85+ mph). At one point, the ASR failure light came on and the engine shut down to an idle and would not rev. I pulled of the road and turned the car off and then restarted. It was fine after that.

Would the ASR failure light engage from this hi-revving driving???