I'm going to share my point of view and it's opinion in this topic.
If I'm wrong with something or else, just quote me and tell me more about it.
So, let's carry on:
Yes, that may be true, but it does not contribute to the simulation factor. As TMP started to go on more simulation than anything else, even if it doesn't seem like it, they made changes done some time ago. As the speed cap wasn't really intended to be a purpose of stopping rule breakers, to play the modification or to behave in the game.