The vehicle speed limiter is usually not set by the tire rating on vehicles like Explorer, Ranger, F-series, Econoline, etc. Instead, it is set by the max safe driveshaft RPM.
Even a properly balanced driveshaft will develop whip at some critical RPM and it is possible to break u-joints or damage the transmission or transfer case housing or bearings. Ford had a very costly recall on AWD Aerostars because the VSL was set too high for the components. Driveshafts and transfer cases were replaced at Ford's expense and the max speed limiter was lowered by a PCM reflash.
The critical driveshaft RPM can be raised by increasing the diameter, changing the material, shortening the length (e.g., using two shorter shafts with a center carrier bearing), etc. However, driveshaft cost tends to increase dramatically as the upper RPM limit is increased. The final configuration is, like virtually everything else on a vehicle, a compromise between cost and durability.