I mean the the reputation point system lost its value the moment sections like faction threads receive points instead of sections that actually matter. Even so, if you're a regular around the forums, you should know a person's reputation just by looking at their name.
I've been coming in and out the forums the past year or so just to see the progress of the community. Reputation points seem like decoration. I'm guessing the only reason these points were even implemented was to try and engage people with the forums more.
At the end of the day, remove the limit of likes or not, the whole reputation system should be revamped or removed, unless it is there just for decoration but yet again, these are just points.