yeah the airflow capability is going to limit the upper end, but pressure losses due to airflow restrictions will decrease the air density in the cylinder well the valves close and the air stagnates (basically the restriction will slow down the gases)
also higher compressor outlet pressures may push the compressor out of its efficiency range (or it may push it into it), but without a compressor map its tough to say
depending on where you are measuring your boost it can be indicative of a restriction… so if it takes 40 psi to push 48lbs/min of air while a different setup can move that 48lbs/min with only a 30psi differential you may have something between the pressure tap and the tailpipe of the car causing significant backpressure/restriction
air flow makes the power, but inefficiency will chip away at that max output that that airflow can achieve… inefficiency can be flow issues, improper timing curve, poor combustion, etc