Hi @Bovie2K,
As @MilesMeraki stated, there does not seem to be a hard limit, I do not believe the Z3 is artificially throttled to 100Mbps in firmware. You'd have to test to confirm, I don't have a Z3 at the moment to test with, just my Z1. The Z1 is rated for 50Mbps FW and 10Mbps VPN, while the Z3 is rated to 100Mbps FW and 50Mbps VPN. I just tested my Z1 and got 125Mbps through it with a handful of L7 FW rules in place. And the limiting factor there is my ISP, not the Z1. So the Z1 definitely wasn't capped at the spec of 50Mbps, and the Z3 likely shouldn't be either. While the Z3 has the much better specs versus the Z1, including 2x2 11ac W2 and 802.1X, both Z1 and Z3 still have the 5 recommended clients. While I believe (and have seen) the Z3 handle many more, ~5 clients is still the recommendation as it's more of a SOHO gateway.