I did some sleuthing on my side.
I rolled back the Engineering Suite update, forced a re-download and reinstalled it, that made no difference.
I rolled back the Sonar update, forced a re-download and reinstalled it, that made no difference.
So, I went into preferences/audio/driver settings and unchecked the 64-bit Double Precision Engine (DPE), because that had been a culprit in a number of issues in past months for some people. I hit Play, and then the Adaptive Limiter seemed to work the way it is supposed to. Surprisingly, though, re-checking the DPE did not break it!
Further testing revealed this: if the DPE is checked when an existing project that already contains the Adaptive Limiter is opened, or the Adaptive Limiter is added to a project when the DPE is checked, hitting Play will cause the ring modulator and/or extremely loud tone symptoms, and they will not stop until the limiter is bypassed, even though play is stopped. If you subsequently uncheck the DPE and play a few seconds, then recheck the DPE, the symptoms will not occur. Also, if the DPE is not checked when the existing project is opened or when the Adaptive Limiter is added, the symptoms will not occur.
This may be a bug that can be fixed.
In the meantime, I'll probably just leave the DPE unchecked in general.