OK, for limiting - set the Ratio control fully to the right (100:1), turn on SuperNice. Attack/Release in the center. Gain at 0. Start with threshold at 0, then feed your signal thru. If you're seeing gain reduction, INCREASE the threshold until the gain reduction occurs only on the peaks you want to limit. If you only want it to drop on extreme peaks then you'll be setting the threshold fairly high (so the signal is almost never touched by compression unless you really feed a hard peak into it.)
Also, while the RNC sounds great and all, plus it's really tempting to use a new piece of gear on everything, you really should only use it when it's needed. Unless you're in a live situation where you can't afford a peak blowing the meters, you should be able to safely set your levels so that peaks get safely contained without patching in a compressor.
It'd be much better to compress on mix-down only as needed, as opposed to compressing going to tape (or HD, whatever!).
On the other hand, if you're going to analog, some compression going to tape is probably useful to reduce the noise floor and increase s/n ratio.
On the other, other hand, there are no rules... go with what sounds good! See what I mean by my first answer - "it depends!!!"??????????
Good luck and have fun with it!
Bruce