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It's even more important that time limit gives those in power a planned off-ramp.

The extreme case which you want to avoid is "politicians" (dictators) desperately clinging to power, because they did things that would get them killed if they ever lost their power, which is a vicious cycle.

When I read about ancient (republican) Rome, I used to wonder how much their having an off-ramp from power contributed to their stability.

In many of the contemporary cultures (e.g., the post-Alexander greek kingdoms), being toppled from the heights of power would result in exile, imprisonment, or worse; in the republic, you could lose a battle as a general or step down from being consul and still lead a peaceful life afterwards.

One could argue that the change in this situation in the late republic directly resulted in it's downfall--Caesar crossed the Rubicon because he feared prosecution and imprisonment by his opponents once he lost his proconsular immunity.

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TBH the idea that one person could have so much power is bad imho, it only attracts sociopaths.

I like the swiss model more where one party never gets full power, even if it means societal changes take more time to happen[1], it seems less risky to me as there is never one power grab whose decision can influence the next election by stuff like redistricting, puting clearly leaning judges to federal court, etc.

[1] famous example is the women right to vote in the general election happened in 1971 which is quite shameful