Depends on what is meant by current limiting. In fuse/circuit breaker lingo that means the protection device will trip out before current can reach it's maximum when you have a low resistance short circuit, this is a good thing & has no inherent drawback, it cuts down on the potential equipment damage and arc flash hazard if something goes very wrong.
If you mean current limiting in the sense that a power conditioner can not feed your equipment with all the power it wants on a loud passage, then you will lose some dynamic range especially on the low frequencies.
If you mean current limiting in the sense that a power conditioner can not feed your equipment with all the power it wants on a loud passage, then you will lose some dynamic range especially on the low frequencies.