From everything I've read here and elsewhere, each locomotive is responsible on its own for preventing wheelslip and traction motor overheating. If the DC locomotive could not keep providing full tractive effort, then it should automatically reduce the throttle and power.
This means that in an AC-DC locomotive pair, the AC locomotive might keep on pumping electricity to the traction motors, while the DC locomotive hits its load limit, or temperature limit, and starts reducing the power its providing to the traction motors. Basically, if the DC locomotive can't keep up with the AC locomotive at the given throttle setting, the computer onboard should reduce the power output to something it can sustain before anything gets cooked. In an AC-DC pair, your 3,000HP DC locomotive might only be able to perform as a 1,500HP locomotive and lots of added dead weight.
Without the computer, things would get cooked. The power reduction is also a reason why railroads look at the applications of their locomotives when they decide what to buy - a coal drag might benefit from AC power because of its ability to run longer and slower at higher power.