Hmmm!. It sounds about right to me. You need 250 w of output power to do 15 mph on an MTB and around 1000w to go 30 mph. A 750w BBS02 is normally 25 amps at 48v, which is 1200w of input power. Multiply by .75 for motor and controller losses and say .9 for drive train losses, which means around 810w of output power, which would get you to about 26 mph.
Obviously if you pedal, you'll go faster. I can just about reach 30 mph on my road bike for a very short time with zero watts from a motor, but that's sort of irrelevant. If you added 200w of pedal power to the BBS02, you could sustain 30 mph, but that would be beyond most of our forum members.