I'm not sure why it's an either or though. Redesigning roads can certainly slow people down and make them safer but that often comes at the cost of a large planning process and a lot of money spent. Dyanmic speed limits and speed governors could be much simpler to manage.
I think most proposals for speed governors would make it difficult to go over 10 mph above the speed limit under non emergency operation. I don't think anyone would argue that it's safe to drive 10 mph over the speed limit on a redesigned street so why wouldn't a speed govenor be another tool in the toolkit?