Correct, any other rangefinder you would find at a store like Cabelas (Leica, Swaro, Zeiss, Bushnell) all state their MAXIMUM effective distance on REFLECTIVE targets. This means you might be able to range a house or a car with the Leica 1600 @ 1600yds, but youre probably looking at more like 1000 yds or less on soft targets like trees, bushes, dirt, deer, and also on small hard targets like 12x12 steel and the like.
Another issue with a lot of the standard LRF's out there is reticle size when it comes to ranging steel targets, ie the bushnell at 1500yds the reticle is probably the size of at least a car, so trying to hit a small target can be difficult.
This is where the Terrapin shines, small reticle for precise ranging. Also their claimed effective range is BS, but in the opposite direction. Hitting a treeline in sunny conditions (the worst conditions for a LRF) at 2200-2500 yards is a walk in the park for it, and youll see what it can do on reflective targets on cloudy days below.
Obviously you stated you dont need the 2k+ capability, but thats where a lot of people overlook the worth of LRF's like the Terrapin is their 100% capability on small and soft targets inside 2000 yds. This is why I bought one, I dont need anything to range out beyond 2k besides just having fun, but I will never regret this purchase for shooting even inside 1k yds because there are very few others under the Terrapin that will do what it does at those ranges also.
Just my opinion on the LRF situation we have going on out there right now. Id say if you spent $2k+ on your scope, then you shouldnt think twice about buying something like a Terrapin because its just as important for making hits at 1kyd plus.