[NiteWave]

I've noticed the VHosts created by cpanel don't transition over to litespeed. It recognizes them, but its not in the configuration - virtual hosts.

this is normal. vhosts defined in apache httpd.conf not show here.

but does this mean I am also unable to limit the Virtual Host speed and such as I would be able to if I created it in litespeed?

those vhosts are defined in apache. I'm not clear if apache has "Per Client Throttle" alike feature at the time being. if you want to limit one vhost's speed, you may try define the vhost in litespeed's admin console --- i.e. the native configuration. and remove or disable it in httpd.conf.