But what it actually says is that you can't use the 90C conductor. Period. Even if the adjusted and corrected ampacity does exceed the 75C cloumn. It just stops there. It's simply wrong, counter to the intent you describe, and counter to common sense and practice. Needs to be fixed.
That's one way to read "provided," but given the nonsensical result you have to read it the alternative way I proposed. I do agree it should be fixed, though, as it is unnecessarily ambiguous.
I do have a couple things I'm unsure about as far as how the NEC uses the term ampacity:
1) My inference is that the ampacity of an unspliced conductor is the minimum of the ampacities that would apply to it at any point along its length (including terminations) if considered in isolation. So for a 90C conductor terminated at a 75C piece of equipment, the conductor's ampacity is limited to the tabular 75C value, as that termination is part of the conductor's conditions of use. Is that how it is commonly understood? As opposed to saying, no, the conductor's ampacity is still the 90C ampacity with adjustment and correction, but the equipment limits the conductor's use to a lower current value.
The definition from Article 100 "Ampacity. The maximum current, in amperes, that a conductor can carry continuously under the conditions of use without exceeding its temperature rating." suggests the latter, but the way 110.14(C) is written suggests the former. It seems to me that if the former is intended, the definition of ampacity would be clearer if it included at the end "or the temperature rating of its terminations."
2) The phrases "60C ampacity," "75C ampacity," and "90C ampacity" always refer the tabular values from Article 310 without adjustment or correction. That is the inference I make from the way they are used, but it would be nice to see that spelled out somewhere.
Cheers, Wayne