As you know, there are not actually any 'limits' (only 'guidelines'), unless there is a limit specified in the appropriate product Standard for the equipment in question. I can't say that I've ever seen/heard of a product Standard which specifies any such limit - and, even if it did, I presume that it would specify the limit as the minimum absolute voltage supplied to the equipment/product, not as a percentage below some arbitrary figure.So volt drop limits are not so old radios don't produce a mains hum or motoris don't stall it is just to limit energy loose due to cables producing heat!
I know that you seem to disagree but, if if one goes with the BS7671 guideline (for non-lighting circuits), the implication is that the voltage supplied to equipment in the UK could theoretically be as low as 204.7 (216.2V minus 5% of 230V) - so, as I've often said, I do not think that anything sold in the UK could be regarded as 'fit for purpose' if it would/could/might not work satisfactorily at that voltage.
Kind Regards, John