Allowing a Watched Word to be in more than one action

I can understand why most watched word options are exclusive, e.g. if you’re blocking a word then you don’t want to censor or tag the post because of it. However, tagging and linking seem different and I think would benefit from being allowed on the same word.

In my forum users make regular references to a variety of pieces of hardware and software. I already use those product names to tag the posts. It would also make sense to add links to the names so that people can find the third-party website corresponding to the item but that can’t be done at the moment. Is this a restriction that could be/might be removed in future?