$$\begin{aligned}\sigma_\theta^{\,\mathrm{solid}}(0)&=\sigma_r^{\,\mathrm{solid}}(0)\\&=\frac{3+\nu}{8}\rho\,\omega^2 R^2\end{aligned}$$
Maximum stress in a solid disk occurs at the center (σθ=σr). ρ=density, ω=angular velocity [rad/s], R=outer radius [m].
$$\sigma_{ring}=\rho\,\omega^2 r^2=\rho\,v^2$$
Approximate hoop stress in a thin rotating ring (radial thickness much smaller than radius), set by density ρ and tip speed v=ωr; it does not depend on E or ν. It is not the solid or bored disk result.
$$\begin{gathered}\omega_{y,\theta}=\omega\sqrt{\dfrac{\sigma_y}{\sigma_{\theta,max}}}\\SF=\dfrac{\sigma_y}{\sigma_{\theta,max}}\end{gathered}$$
This elastic threshold is where maximum hoop stress equals the input yield stress, not a physical burst speed. SF=σy/σθ,max is not a von Mises or fatigue-based design safety factor.