I drove U-Haul truck with a governor on it a couple times. If I'd needed to hit the gas to avoid an accident I'd have been screwed even if it were below the max speed. The gizmo seemed to assume that anything over a certain rev limit must be speeding and down-shifted to the lowest gear (automatic transmission).
On a boat it might not know the difference between high-cruise and hole-shot either. Same danger with trying to get out of some Bonehead's way.
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