I believe the only way to set the max steps and such is how you have already done it. Unfortunately, when you have contacts set up it seems that Simulation must reach the default convergence limit in order to show the results including those contact sets. How much refinement have you made to the mesh and how long have you allowed your analysis to run? In a large assembly with contact sets, especially No Penetration, it may not take much of a mesh refinement to greatly increase the solve time. I would prehaps try doing the mesh refinement in smaller steps until you can get results you are happy with in an amount of time that is appropriate.
As another option I believe you could try running this same analysis as a Non-Linear type. This would give you the ability to specify the number of steps Simulation takes before returning results. I have not tried this method myself but have read threads describing it. Good Luck.