Correct. The Tech & I were already aware of those, but those do not report on anything concerning a Shared Album, they only discuss a Photo Stream.
The last paragraph I quoted refers to both - shared albums and My Photo Stream. It is clear, that photos and videos are limited to prevent excessive use.
https://support.apple.com/en-us/HT202299
Photos uploaded to My Photo Stream or shared albums don't count against your iCloud storage.
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iCloud limits the number of photos that can be uploaded to My Photo Stream or shared albums within a given hour, day, or month to prevent unintended or excessive use.
But right, the documents do not state an individual limitation for the storage taken by videos, but they explain that the cloud storage in shared albums is limited "to prevent unintended or excessive use". And they are careful to describe how to remove videos and photos from a shared album, once the family and friends have copied the photos and videos to free storage to post more videos and photos:
It is great that you found the individual limit for videos by experimenting. 1.5 GB total of videos is really very limiting.
I think, the biggest problem with Shared albums is, that Apple changed the name of Shared Photo Streams to Shared Albums, without changing their behavior. They are still behaving like the old Shared Photo Streams. They are not albums, they are still old streams for transferring photos and videos. If they were really albums, we could sort them and add titles to the items to create a gallery of photos and videos. So the name "Shared Album" is very misleading and the intended use is no longer clear. It lets us expect, that we can present an organized album of videos and photos and can keep them permanently in iCloud as a shared gallery of photos and videos. But all the documents describe is about adding new items and deleting older items to free storage. And they are not even very good for transferring photos and videos to our friends. There is no way to share the photos and videos in their original quality. The size of high quality videos and photos will be reduced. RAW files cannot be transferred at all. https://support.apple.com/en-us/HT202786
Videos can be up to five minutes in length and are delivered at up to 720p resolution.