While Mafia makes a 'visual' point, I've seen nothing to back it up, tests or otherwise.
That's not to say I disagree... I'm indifferent at this time.
I've often wondered myself, but never cared enough to actually test it.
Mafia's point is that when you read the data it says "Max power 900hp @ 9000rpm.
Power Limiter to 50% and now it reads "Max power 450hp @ 5500rpm.
Now, one assumption, in this case Mafia's, is that you've changed your 'peak power' to a much lower rpm range, but, I'm not sure I buy it, until proven. Just because it says 'max power @ 5500, doesn't automatically mean, you aren't still making that power at 6000, 7000, 8000 or 9000. Oddly enough, I think drag racing would be the best way to prove the outcome. Same cars, same tune, same HP, but one use the limiter, one without.
Yes, clearly you're making 'max power' at 5500rpm now, but you're also making 'max power' at 9000rpm as well. That's what a flat power curve gives you; max power over a plateau. So while it 'visually' appears to be a disadvantage, logically, it doesn't actually make sense that it should be one. The graph data is simply programmed to calculate max power at RPM, and it appears as if it targets the 'earliest' point of a peak.
So, let me reiterate for those who will insist on throwing stones. I am indifferent. I don't know which is true, but until someone proves it one way or the other, I won't blindly accept either outcome.
Now, on the other hand, on topic of what you're asking....
For PP rooms, removing parts, and avoiding the power limiter, will give you more HP than using purely the power limiter. It's usually not much, but there's no reason not to take the extra 5-15hp if it's there!