Hypothetically If you wanted to spend the money yes to some extent. ErgoPulse PTS and PTX both shut the air flow off when a set torque is reached.Can torque levels be set on an impact wrench?
These are used mostly on assembly lines and not for general use. Setting either the air or cordless ones on the lowest setting is usually same for initial running down of lug nuts, practice and care!
It is and not expensive. Hmmm LOLConceptually, this is fascinating:
https://www.cp.com/en/tools/products/impactwrenches/cp7748tl
Full 960 ft lbs in reverse but torque limited to 66 ft lbs in the forward direction.