I can see just two possible reasons for such limitation (if it really exists):
First - here starting to talk about balanced regulator, so: Legend series is OVERbalanced. It increase IP with the depth, and POSSIBLE can reach pressure, that allow for 2nd stage to goes to freeflow.... just possible in theory. I suspect, that it could be near depth of 200m...
Second - same reason as O2 limits of PPO2 of 1.4 ata - this limits mean (here is just my broken translation of main idea) - with 99% probability of 99% people will NOT have any O2 toxity issues in any health, temperature, load and any other conditions.
(or "maximal" 1.6 ata - same, but in light and easy conditions).
With limit of 130 (165) ft Aqualung just decrease the probability of accidents with divers, that POSSIBLE can reach of lawsuit to them.
"Do not dry your cat in the microwave!" (c) from famous internet stories
I think it could be the same
Also I know at least two regulators, that have very small iris (seat diameter), and with increased air volume at depth it can limit normal inhale.
But it is old Soviet models - Ukraina-2 and oxygen regulator from IDA-59. Normal regs has seat diameter more than enough for recreational limits.