The OEM Banshee CDI does not have a rev limiter in it.
The short expanation is that a CDI is a solid state computer that controls the engine spark based on crankshaft rpm via a two dimensional ignition timing map that is a plot of spark timing vs. engine rpm.
If you would like a longer, more technical explanation let me know, but based on the questions you had, I doubt the people you have been talking to would understand the longer explanation. :thumbsup: