IMHO L2 is still a nice single band limiter in 2016. Agree L3 more or less sucks. I did however generally like L-316. I was in the habit of using L-316 with slower attack times, which would retain some trasients followed by L2 to hard limit them for quite some time. That was/is a nice combination. But I guess this was more similar to multi-band compression followed by single band limiter do to longer attack times.
Been making a proper limiter myself the past couple weeks to put in our products like Kaleidoscope, and upon studying this stuff more deeply, from the development perspective, I completely agree that most of the magic in limiting happens with release times and specifically "auto-release". Very tricky topic.
Excited to check this out. Nice work as always! Great GUI also.
