(CW SA) A PSL founder SA'd a Central Committee Member and the org tried to cover it up
(theyeisblind.substack.com)
Like a lot of lib governance ideas -- FOIA comes to mind, as another example -- it may be mediocre to bad as applied, but that doesn't mean it would be a bad idea under different circumstances.
One other reason for term limits is to try and get your leadership to cultivate the next generation. This makes sense even if you have a good leader who you hope to have around for a while.