Should Lifesteal have a soft cap like MS?

Lifesteal effectively has diminishing returns already, if you think about it as a tradeoff between building more lifesteal vs. more things that let you do damage. So I don't see why soft cap would be needed.

well how much life steal is too much are we talking flat HP gained back or % ?

There would definitely be some merit to it, but I feel like grievous wounds is strong enough to make it hard for lifesteal abusers to be op. Also, the abusers of lifesteal tend to be squishy enough to blow up (there aren't any lifesteal tank items and for good reason).

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