Interesting question. I looked at Topo and a few other built-in renderers on github (
here) and they don't make any reference to maxspeed. So I suspect that maxspeed is not supplied to the rendering engine.
But... would that really have worked for you anyway? From your writing I guess you might be in the UK. In which case you can have nice rural cycling roads with maxspeed=60 mph The big distinction I can see is 70 mph allowed only on dual carriageways (i.e. with a central barrier). Maybe you could look at "type=dual_carriageway" or "lanes=" ? I don't know if either would work, it's just an idea.