06 Sanger v210 questions for anyone that may know

Hello all, Picked up a 06 sanger v210 and took it out for the first time last week. noticed when im in neutral the v-drive low oil light comes on, but will driving at any speed its fine forward or backwards, last question is RPM REv limiter. I accelerate to about 3500 rpm and the gauge cluster starts beeping, any thing below 3500 rpm and its cool, Is this a rev limiter or what cant find any information in the manual about it. Any information you may have would be helpful.
Thanks
Ron

Not sure about the REV limiter, but that the warning light from the v-drive oil comes on when in neutral (or below 1000rpm when running) is normal. It says the presure is low, and it can only build up presure when running in gear.