If you just limit speed, it doesn't limit power. (you could also limit power if necessary, but there's not usually a need to do so unless your control system (throttle, pedals, etc) doesn't give you the ability to modulate that power well enough for some circumstances.)
For instance, on my SB Cruiser trike, I always have full power (around 3-4kw) available, but the Cycle Analyst I use to let me control the system via pedal cadence (not the same as typical PAS, but actual variable control) is also set to limit speed to 20mph. It's not a cruise, just a limit, so I am riding at whatever speed I want to via the pedals just like any unpowered trike, except that I'm making the motor do the work for me.

(it has a cruise if you want it, but I ride in traffic, s where the speed has to change all the time, so cruise isn't useful or safe).
I'm just using "dumb" controllers with no setup or programming or display/etc., and the CA does all the modulating and limiting for me. It's more expensive, but it is more versatile for my usage. If you don't want a display, the CA can be put wherever you like, you don't have to ever access it while riding. (if you need a way to change settings you can use a remote button setup on the handlebars).
If you prefer a cheaper alternative, the KT series of controllers can probably do what want (pretty sure you can set a speed limit on them). If not with the OEM firmware, you can use the open-source firmware OSFW (there are several threads around the forum about that), and I *think* you can buy them preloaded with that.
The Lishui OSFW can probably also do this, don't know if the OEM FW can.
Both of those use displays to change modes, set them up, etc., not sure if you can run them "headless" (no display) without just running the default settings rather than your own custom ones. (you'd have to look up the threads for them to verify that if you don't want a display).