Yes, I remember the weighted wheels that were attached to the stepper motors, it's like everything people try to make things work better, but there are tradeoffs so what appears to work well, may not be as good as it seems, or it would have stuck and been implemented to the stepper motor, or someone would have been manufacturing them as an add on.
There are servos that do not work well, so when you go that route careful what you chose.
Any quality Ac Servo Drive is closing the loop, this does not have anything to do with the control, the control only has to send a signal for it to move, Servo Drives are very sophisticated.