What is considered a keyword score that is too competitive?
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I'm researching my keywords trying to strategise content around keywords I can optimise. Most of the high search volume (1000 + searches per month) keywords I want to optimise are in and around 0.5-0.6, is this good? Is this score range considered highly competitive...?
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It really depends on your particular website, and the overall Domain Authority of your site versus the Domain Authority of your competitors (or the sites you want to compete with). If your Domain Authority is in line with the other sites that you want to rank for, then you should really have any problems ranking for those keywords.
However, if your site's Domain Authority is half of what the other sites are, then it may be more difficult. I usually recommend working on getting trust first, and working on overall Domain Authority to get your site in line with the other sites that already rank for those keywords. Then, start looking at trying to rank for specific keywords.
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Looking at domain authority is like looking at the size of the dog in the fight instead of the size of the fight in the dog.
If you can beat their content for that keyword and know how to promote it then you should attack without fear.