Yes; I think that the concept of Limiting appied much more in the Bad Old Analogue Tape days, when saturation was a potential problem, and in the Bad Old Days of 8-bit Digital, where any clipping resulted in horrific distortion. With modern 24-bit stuff, there's (to me...) no need to raise levels above the dreaded Noise Floor, as there is (to me...) none there. I record, and treat, at much lower levels than in the Dark Ages, so I'm always well away from any limiter's trigger point. When 'Normalising' stems, I aim for -1db, and never need to increase beyond that. It's been a very long time since I suffered clipping of any sort. That's just me, of course; those 'pushing the envelope' may well need such devices. No, I'm not looking at @Leonard Smalls (although sometimes I wonder ...).