Steve, it may be obvious by now, but no rev limiter will save your car is someone down shifts when they want to go up. All rev limiters work by shutting off fuel and/or spark. They can only prevent more RPM if it is caused by a request for more fuel from your accelerator.
The limiter in our Vipers shuts off all fuel. It hits hard, you really know that you screwed up! My Talon has a much more gentle limiter, all you really notice is that you have stopped accelerating...