As you slide the IOPS slider to the right you will see the number of data disks increase, the Storage Size increase, and the Throughput increase. You will be limited to the max number of IOPS and disks supported by that instance size. You see in the screenshot below I am able to go as high as 80,000 IOPS when provisioning storage for a Standard E64-16s_v3 instance.
It sounds like they did a pretty good job of things there.