In my experience, bikes that shut down at 20mph are doing so because they have an electronic governor of sorts, set to taper off and shut down power at about 20mph.
If it were not for that electronic restriction, MANY class 2 bikes will make it up to Class 3 speed under the right conditions.
That said, there are controllers with the ability to be user adjustable. Those bikes could have the max speed set to anything up to 99mph and be changed on a whim - a user ADJUSTABLE governor if you will. They might also be able to have max amperage available to the motor adjusted to what ever amount the rider desires.
So the answer to the torque question is it depends.....
If a governor is tapering/shutting the power down at 20 mph, and you defeat that governor somehow, the torque would be the same.
If you turn the amount of amperage available to the motor down to limit speed, you would be decreasing the amount of torque available. -Al