Marc, let me try to give you some perspective from my side here:
When we introduced SLPP we made it a per VLAN function, because we did see with SMLT that loops were accidentally created by users looping only certain vlans on tagged links and untagged traffic would not loop. In order to detect those loops, you can select on which VLANs you turn on SLPP. In order to avoid that both IST switches shut down their looping links isolating the edge, we provided the different time out values as a recommendation.
Now, if you have many VLANs running SLPP on a link, in case of a full loop, you get a lot of SLPP packets back. For that reasons some folks had increased the rx threshold above 5/10. This however delays the shut down, if only fewer slpp packets are received, thus making the CPU busier during the loop.Lightly loaded switch I would say means that constant CPU load is below 30%.
Now CP-Limit is another functionality. We had used this extensively on ERS8600/ERS8800, but not VOSS-VSP products. I believe ERS edge switches and the older VSP7000 supports it as well.
I think if you have SLPP configured on many VLANs on an SMLT pair, cp-limit could make sense, since it will trigger faster than SLPP with higher rx values. However, VOSS-VSP switches have much better CP queue handling compared to ERS8800, thus cp-limit is much less required.
Typically newer docs overwrite older docs, so I would use the younger guidance and also keep in mind that not all guidance can be applied the same way to all products due to capability differences.
I hope this helps.
Roger