The 30 PSO covers from mile 39 (about Woodward Ave.) to 43.7 (Hamilton) of the Grimsby Sub and mile 36.9 (Bayview) to mile 38.9 (Hamilton) of the Oakville Sub. Some of that is due to curvature, but most of it is due to the way the line is situated at ground level, with frequent level crossings and poor isolation from the neighbourhoods surrounding it. Yes, historically there was a lot of switching through that area which resulted in a lot of train movements (and the potential for incidents due to impatient people trying to cross before it was safe), but that hasn't been nearly the case in the past 30 years or so.
There have been moves to improve the technology at the crossings to future-proof them for any potential speed increases when the time comes to refurbish them, but from within Metrolinx there is no plan whatsoever to ask CN about lifting the PSO or increasing speeds through this section.
Dan