I have never tried setting a time that low for a long move but we have used it when we know we want a move sequence to take a certain amount of time, such as blowing coolant out of chucks, we just programmed the moves and told them we want them to take 1 second for instance, 3 or 4 moves so that we had a total blow off time of X seconds to, we were then able to just adjust the times until we achieved the blowoff we wanted and know it will always take that time.
I would assume that UR would still use all controls to prevent the robot from exceeding the safety speeds that are set but would use the maximum allowed speed and acceleration to make the move. It might also throw an error, I know when using script commands if you command a speed greater than it is allowed it just will not go that fast, it will only go as fast as allowed and you can actually see this with the speed slider where it will drop the value from 100% to a lower value on those moves.
Regards,