If your drummer is good, then you may not even need to compress at all. There are no hard rules to this one. Personal preference. I like your method, since I tend to do a fair amount of eq on the drums after tracking, which would pretty much screw up any compression I would have done on the way in.
A limiter, on the other hand . . . now I can definitely see where that might be practical during tracking. Not necessarily anything drastic - just enough to safeguard against freak transients.