Does not effect speed of devices connected over Internet Sharing

[JaredCrawford]

It would be useful to slow down internet speed of iOS devices connected using internet sharing. Currently Speed Limit does not effect the speed of that connection.

(tested using 10.7).

[mschrag]

I would recommend watching WWDC 2011 Session 205, starting at 41:48

[atlithorn]

You're referring to Network Link Conditioner? It doesn't work with Internet Sharing either. Found this though which helps https://discussions.apple.com/thread/3287471?start=0&tstart=0