First... It is more realistic for FS to show Indicated Airspeed because that's what your airpseed gauges should show. If you fly online at all, ATC will expect you to use indicated airspeed. I recommend you change the setting to indicated as all speeds in POM (Pilot Operating Manuals) will be indicated (such as max, stall, approach, best angle climb etc).
Second, I still use the PM2 panel (even though they've taken it off the website for updating) so I don't know why the Mach window is missing from your panel. If you need help adding the window to the panel, let me know... You can send me an e-mail with your panel.cfg file to scott@euroharmony.com and I can have a look at it and help you edit it.
I'm 99% sure that is why you can't set the speed or mach. You need to switch to Indicated in the FS settings and we'll add the mach window.
I'm off to work... Won't be back until about 0100 Z time