The topic of speed rating has been covered and disputed before.
Whether you need tyres rated to the design speed of the vehicle in the uk is un clear. But why not most of the non-speed rated tyres where specified as trailer tyres
The speed rating aspect was debated years ago (80s ? 90s ?) in Club Lotus because the Elans had 155/80x13 HR rated tyres and no-one could supply them. Everyone (including me) just fitted the highest they could get, which was generally the next level down.
Graham Arnold took it up on behalf of the club with insurance companies and, IIRC, with some of his legal buddies. The result was that basically you could fit anything you could get as long as it had tread & no damage. He did point out that the higher rating wasn't just about the tread being capable of the speed, it included improvements to the tyre walls & reinforcements as well, so "get the best you can".
The later regs have banned tyres over 10yrs old on coaches, lorries, etc but not cars. The wording on tyre suitability is open to interpretation because in the first line it says the tyres must be suitable for the vehicle's speed and then says it must be ok up to 70mph. So you don't have to fit HR rated, anything over "N" (87mph) is legal and makes a nonsense of the first sentence.
Actual text :
"The Tester will inspect that the tyres are suitable for the vehicle with respect to load and speed rating. The tyres must be suitable for use up to 70mph unless the vehicle is a ‘restricted speed vehicle’."
(it might have changed again, but it was that the last time I looked)
Brian