Hi,
were you trying to run the bit slowly?
Routers produce reliable power at high speed, either rated maximum speed or close to it. At part speeds they struggle and get hot.
Additionally the fan blade is on the motor shaft, so when running at part speed the fan has a reduced cooling effect, proportional to the square of speed.
Thus if you run your router as half speed the cooling effect is 1/4.
The Limit switch error you are getting is a result of the electromagnetic noise produced by the router, again, the noise tends to be worse at part speeds.
Craig