The real issue is the population. Unless you are sure there's a large population at any given time, the single IP limit is a killer. That's why not many people set it.
I can tell you that on VA, I will never make it 1 per IP for the reason I just mentioned. If I had ~100 individual people, then maybe it'd be worth a shot, but then you spend more time chasing people trying to circumvent it than anything else. To speak to the real technical point - I'm sure I'm not the only one to have circumvented the P99 IP limit with a VPN or the like.
In the end, what you're demanding - and you were demanding - is unsustainable in most situations and will just serve to alienate any population you might have picked up organically. If you want to advertise the shit out of a well-polished experience, then MAYBE you could pull it off, but even then it's a long shot in my mind.
With TAKP and others, there's really no reason not to set it up yourself and make the IP limit whatever you want. To answer your initial question, this already exists in the rules and isn't hard to set/change at all.
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