Hi Sonia,
Importance Sampling speeds up scattering analysis by always choosing scattered rays that will propagate in a desired direction. To determine the direction for the scattered ray, a target sphere is defined. The target sphere is defined by position, size, and limit. As you said, the size parameter defines the radius in lens units of the target sphere. The limit parameter is used to define the maximum solid angle in Steradians of the target sphere as seen from the scatter point. It is defined to ensure the BSDF of the scattering surface doesn’t vary too much within the solid angle subtended by the target sphere, since if the BSDF changes appreciably over the solid angle of the target sphere, the flux seen at the target sphere from importance sampled rays may not be accurate.
To get an idea of how importance sampling improves scatter efficiency and analysis time you can have a look at the following article: How to use importance sampling to model scattering efficiently – Knowledgebase (zemax.com)
Best,