is this the car you bought that smelled like exhaust, has LMS exhaust and had a trunk full of obsolete parts????
IF SO.. the previous owner was not afraid to "spend money".. just the presence of the LMS exhaust tells you this, not to mention the obsolete very valuable parts in the trunk....
Now, with that said...
if the previous owner bought exhaust from Geno, it's not a far stretch of the imagination that he would have spent 1/3 of that amount and had geno make him a performance chip...which means.. you dont have a limiter.. IF it has a chip.
Pull the PCM down from above the brake pedal, look on the back side and see if it doesnt have a chip sticking out of the "service/Jport"
I'd be willing to bet you find a chip