Torque is usually the determining factor in a conveyor application, but it is application specific and we dont know the application.
For example, we cannot address the effects of a slower speed and what that may mean to other equipment in series with this conveyor. Let's say this conveyor is on the input of a rock crusher. Slower speed means less material feeding in, which may be OK, or it may affect the output of the crusher if it is autogeneous (rock on rock fracture crushing). If it is on the output of the crusher feeding a vibrating screen, slowing it down means more material builds up on the belt because it moves slower beneath the output chute, which means you would need MORE torque to move it. The same might be true of moving boxes. Something is putting boxes ONTO that conveyor, so if that something is still putting them on at the same rate, you end up with more boxes per unit of belt length, more weight, so more torque required.
Nor can we tell if the motor frame will fit. Slower speed means more poles, which often means a larger frame size (although maybe not in that power rating).
"Will work for (the memory of) salami"