You must not replace the shunt with a paper clip. The shunt controls the current that the controller allows. If you bridge the onnection, here will be no limit, so the controller will overheat. It can also damage your motor.
The controller gives about 15 amps. The idea is to reduce the resistance of the shunt by 25% to increase the current by 25%, which gives 25% more torque. It doesn't affect the top speed.
The above video seems to show a lot of solder already on your shunt. It looks like too much. Ideally, you should measure the maximum current before and after making changes to be sure that there is no danger of too much current, but you can be fairly accurate if you keep all your solder to one end of the shunt so that you can see the length with zero resistance.
That daughter board on your controller might be the module for sensoress operation. I can't see enough in the video to be sure.
A new controller doesn't cost much. If you get a new one with a LCD (about 70 Euros from BMSBattery), you will have no speed limit.