Herve has it right as usual.
Another hypothesis could be Table 517 "scales" maximum elevator deflection (as defined in the aircraft.cfg) but I didn't investigate that.
If your aircraft can do say 500 IAS and 517 reduces delta_e to zero by a zero scalar at a lower speed, you literally have frozen elevator control at 500 in the sim. You can pull the stick fully aft and it does nothing. Which obviously means there is no elevator lift under those circumstances.
One explanation is that in some old airplanes the control mechanism has some elasticity such that dynamic forces on the elevator could prevent elevator movement. You just run out of control authority because the mechanism bends. Any self-respecting test pilot military or civil would categorize that as unacceptable or decrease the maximum allowable speed to below that where such an event could occur. In which case the phenomenon would be mentioned in the Manual as something that could happen if you exceeded the maximum allowed indicated speed for a particular altitude.
This should not be confused with loss of elevator control at high Mach and relatively low IAS. This characteristic should, of course, be modeled by appropriate entries in 410.
Whatever it is, in some other documents I have this table is referred as Cm_de(q) so it could be that this scaling table acts on MOMENTs as a result of elevator deflection and not LIFT. If it is confirmed, may be Yves made a mistake here (he will let us know if he stills read this forum)
AirEd.ini has "517=*Cm_de(q) Elevator Deflection (Moment) Factor vs q,tbldb", but it is 10 years old. As you said it is now identified as AIR_61S_ELEVATOR_ELASTICITY.
Why are we interested in elevator lift? Just because it's CL is one of the many that are summed to give the total lift coefficient, which Yves spells out in his 5.3.2.
But the main function of the elevator is to produce a pitching moment and the same elasticity factors apply. They also apply to elevator trim, rudder and rudder trim, aileron and aileron trim effectiveness.
Why multiply delta_e by the elevator deflection limit?
This just gives a maximum or minimum value for the expression. It does not apply for a specific amount of elevator deflection. To be clear, 517 can have an effect at any deflection.
Yves also uses that notation on page 24 though for spoiler limit. For consistency there should perhaps be a "*" before the square bracket.
I think Yves should have included 341 Elevator effectiveness aka AIR_61S_ELEVATOR_SCALING in this section because it is the grandpa of all things elevator.
Roy