Well, limitations could be accuracy of the burette / other equipment you're using, if you can't measure to many d.p., as well as knowing exactly when the turning point is- the fact that you have to do it by eye.
Improvements could be made by possibly doing it on a larger scale, thus making it more precise, using a balance that weighs to more d.p., putting the solution on a white tile to see the colour change...
Is that the kind of thing you were after?