A dynamics simulation model is used to estimate limits of performance of the Positron-Electron Project (PEP-II). The simulation captures the dynamics and technical limitations of the Low Level Radio Frequency (LLRF) system, the high-power RF components and the low-order mode coupled bunch longitudinal beam dynamics. Simulation results showing the effect of non-linearities on the LLRF loops, and studies of the effectiveness of technical component upgrades are reported, as well as a comparison of these results with PEP-II measurements. These studies have led to the estimation of limits and determining factors in the maximum stored current that the Low Energy Ring/High Energy Ring (LER/HER) can achieve, based on system stability for different RF station configurations and upgrades. In particular, the feasibility of the PEP-II plans to achieve the final goal in luminosity, which required an increase of the beam currents to 4A for LER and 2.2A for HER, is studied. These currents are challenging in part because they would push the longitudinal low-order beam mode stability to the limit, and the klystron forward power past a level of satisfactory margin. An acceptable margin is defined in this paper, which in turn determines the corresponding klystron forward power limitation.