qazx, Velocity limitation is due primarily to "water hammer" problems that occur when valves and the like are open and closed during system operation. The fundamental equation for the subsequent pressure rise that can occur is as follows:
P=M*dv/dt
where:
P=pressure rise
M=mass of fluid
v= mean velocity of pipe flow
t=time closure of valve
So what happens when the velocity is high? Pressure rise is high. Or What happens when time of closure approaches 0?
Pressure rise approaches infinity. Now what happens when the pressure rise is greater than allowable system pressure? Opps! the system just blew up! I won't mention vibration problems, cyclic pressure loads and fatigue of the piping or system components.
If the fluid stream is abrasive and or corrssive, high velocities will increase erosion/corssion rates.
Hope this this provides an insight into the rational for limiting fluid velocities.
saxon