the limiter acts as a signal truncation device should this exceed a certain threshold. it makes the output sound more even (nothing that sounds excessive than the rest- even sounding) because the bass, unlike guitar, gives off a more erratic output, some signals sounding louder/ softer than the others due to the nature of the frequency, especially so when certain techniques are employed, eg: popped/ slapped notes are generally louder than the fingered/ picked ones.