Have parameterSet based on a parameter value

Question

I've the following sample function

function Update-ExceptionPolicy {
        [CmdletBinding()]
        param(
        [Parameter(ParameterSetName = 'WindowsFolderException')]
        $folder,

        [Parameter(ParameterSetName = 'WindowsFileException')]
        $file,

        $path,

        [ValidateSet(
            'WindowsFolderException',
            'WindowsFileException'
        )]
        [string]
        $ExceptionType
    )
}

due to some external constraints, I'm trying to see if it's possible to design the function and ParameterSets based on the value of $ExceptionType via a ValidateSet list.

For example when trying to autocomplete the 2nd parameter I should either get "-file" or "-folder" based on the previous parameter value :

Update-ExceptionPolicy -ExceptionType WindowsFileException -<tab to autocomplete should show "-file">

Update-ExceptionPolicy -ExceptionType WindowsFolderException -<tab to autocomplete should show "-folder">

I've tried to have a look at dynamic parameters (this answer looked like an elegant solution even) but in my opinion it looks like a complex solution for a simple problem.

PS: I know I could also just split $ExceptionType into 2 switches but I don't want to do that because my project involves dozen of potentially complex parameter sets. Get it from the value could really be the best design here