Apart from the need to know the limit on motor speed to ensure cooling of the motor windings, one also need to ensure that at lower speeds the fan operating point will not be in the surge region. With the fan curves, the operating point at 100% volume, and the static pressure at 0% volume (which is actually the setpoint), one can draw the system curve on the fan curve and know the limit of the speed before the operating point gets into the surge region. Additionally, we can also determine the minimum speed required for the fans based on these specific conditions.
As Clyde rightly pointed out, the generation of heat from the motor windings at low speeds is very low for the type of application you mentioned, ie variable fluid flow. I have tested the temperature rise of an VSD connected pump in an ambient condition of about 95F, and the results showed a decrease in winding temperature as the speed decreases (down to about 40% of full speed). Perhaps at lower speed, the temperature will start to rise again (due to magnetizing and harmonic currents), but i doubt that it will rise to a point where it will exceed the temp. rating of the insulation. From an energy conservation point of view, the savings on the motor power is minimal at lower speeds due to the cube law.