RCV creates a path for new parties to form, while preventing existing parties from being taken over by extremists. This leads to parties becoming more represen

RCV creates a path for new parties to form, while preventing existing parties from being taken over by extremists. This leads to parties becoming more representative of their voters (and gives more people a reason to vote). Term limits just change the balance away from elected politicians (who can build up a reputation for integrity and competence) and towards the unelected party machinery, who inexperienced politicians are more dependent on. (Of course, for life-time appointments like supreme court justices, term limits would be an improvement, you're right).