This question has been asked answered in detail on Typophile many times. The short answer is you can use a huge variety of UPMs - but as you have guessed the math can matter. In general 1000 is the size used but for instance Microsoft fonts are made to 2048. You can also use 1080 - not a problem. But for the max info enter this into google:
site:typophile.com UPM
All the details to this question are there. BTW Typophiles search doesn't always work for me and I have not spent time working out if the page the browser or what so save that Search. You can substitute new search terms for 'UPM'.
Any chance that you will post an image of what your up to?