You have a fatal-at-any-speed hazard, so a robust barrier is justifiable. Are you trying to keep costs down, or will anchors be hard to install because of conflicts with utilities, shallow bedrock, or something like that? If it's a cost thing, this isn't a place to cut corners. Go ahead and put in the anchors. You may anticipate low speeds, but if you've read as many crash reports as I have, you'd know not to expect drivers to do what you intend.
If you absolutely don't want anchors, see if box beam railing is available in your area. I think it's used mostly in Wyoming and NY, and may be hard to find outside those states. That system works by bending the box-section railing rather than in tension. Standard deflection is five feet, and minimum run length is 125 feet. It needs to be shop-curved for radii under 725 feet. It's more expensive than heavy-post W beam.