i am only familiar with the limiter in cubase 5 since i cant do poop production wise in 7.5. i produce trance(edm) so i mostly use limiters on the master to smash the piss out of tbe track…i leave lots of headroom before that though…dont like distortio like some people do.
i also use limiters for bass tracks or other tracks that i am pushing hard with distortion or.compressors to get a nive big sound. i use psp vintage warmer. the inboard cubase limiter and kajerhuas analog limiter. they all have their own uses.