If you only want to cap a maximum unloaded speed of a vector drive/motor, often you can set it to speed mode, set your desired maximum allowable speed, and then control the torque limit(s).
That doesn't "Control Both" at the same time, but limits the maximum speed to something you set in the event of no load.
For unwinders as an example, I generally set the speed command to zero, and then control the torque limits, whereas for winders, I'll calculate the required surface speed, add 15 or 20%, send that as a speed command, and again, limit the torque to develop tension.