How do I increase the frequency of TLC5940 library for servos/LED's

Servos don't like high update frequencies. That drop in frequency for servo use is entirely intentional.

Since the Arduino is generating the grayscale clock for the TLC5940, all connected TLC5940's will run at the same frequency.

It would make more sense, to me, to continue to use the TLC5940's for LEDs, and come up with some other solution like an external microcontroller for servo control.