With regulated mods the resistance doesn't matter. Wattage and battery charge determine amp draw (lower charge = higher drain). So the Dicodes should limit the wattage (never actually reaching 80w) and not put a cap on the resistance. Does it really cap the resistance and not limit the wattage?
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It never soft limits the power, it requires you to do it (I suppose on the basis of not wanting you to think it's delivering power it is not.)
The error messages are in the form of "Low Resistance" and "High Resistance" - so if your current resistance and wattage settings will cause it to go over 15A, it will error "Low Resistance" which means you need to decrease the power.
So it is as you said, it limits the maximum wattage - but by stopping you firing it until you fix it. But it reports that in terms of the coil resistance being too low ("Low Res" error message) for the selected power, rather than the selected power being too high for the coil resistance.
0.4Ω is the minimum resistance at which you can fire the mod's maximum 80W. If you have for example 0.2Ω, you will get Low Res error if you try to fire more than 40W.