I wanted to know what exactly would be the difference with having a guest ssid setup with the main one. Like what would be good about setting it up?
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Would there be any other restrictions for the guest network? Like the max that can be used on it or like a slower speed?
NO, the guest SSID is not manageable in those ways, it is a very basic separation from your regular network. If you wish to accomplish more management of a guest network, a second router would be your best option.
Okay, thanks for helping clear that up!