Yes, I mean the maximum speed during a runaway condition -- like if both cables failed.
I believe you said the vertical distance is 70 feet. That means the maximum speed the cart could reach is 46 mph, discounting rolling friction and air resistance -- if I remember my freshman physics correctly. Accounting for rolling friction and air resistance, I estimate the terminal speed would be no more than 40 mph.
That's probably too fast for my initial idea of a passive emergency deceleration system to work. I was thinking of a net across the bottom of the track held by bungee cords attached to posts or trees.
I think an engineer could design a water filled coaxial tube shock absorber that would safely decelerate a runaway cart. You'd have to add track beyond the normal lower platform. It looks like there's room.
A simpler solution is to add track all the way to the water with a level or slightly inclined runout portion and just let the runaway cart and occupants get launched into the lake.
Really cool device, by the way.
Jon