Before anyone rips me about the tearout in the picture of my article, note the credit for the pictures. I was not able to get pictures, but you should be able to plane a board, including one like that mahogany with no tearout at all. I think Ellis just did a before, wound the chipbreaker down close and took another pass or two and wasn't focusing on eliminating tearout, just reducing it. Still useful at that level, but it is my intention in general to do nothing after planing other than apply finish, or maybe burnish the wood surface with shavings or something if you feel the finish calls for it.
Anyway, the only thing limiting what you can do with the angle of the second iron relative to the first is, well, two things:
1) on really soft woods, you don't want a steeply pitched chipbreaker right at the surface pushing the fibers back into it. You can see some crushing in the second mahogany picture due to just that.
2) most importantly, the ability of a given plane to have clearance to clear a shaving with a chipbreaker at a given setting. Close set with a closed mouth and a high pitch isn't going to clear in a lot of planes, and you have to decide whether you're going to reduce the set (increase the distance from the end of the iron to the front of the chipbreaker), reduce the angle of the chipbreaker's attack or open the mouth of the plane to let shavings through.
For option #2, I would thus far prefer to open the mouth and keep the cap iron set where I want it. I haven't found a super steep cap iron (like kato used) to be necessary for anything. 45 to 50 degrees in the angle of attack at the front of the cap iron has worked very well, fed well, and not caused issues with smashing the chip back into the surface of the wood being planed causing the crushed look on something like quartersawn pine.
As far as types, the type of chipbreaker doesn't matter. Whether it's a machine like kato used, or whether it's an old cap iron or a stanley style cap iron or a new "improved style, they all work the same if they are set up properly.
If you need to narrow the mouth for anything, then the chipbreaker is not properly set or tuned. Your best plan is to get to the point where you use a tight mouth on a single iron plane, but on one without a chipbreaker, it is only closed to a distance where it will feed anything that you put through it at any chip thickness you might use. There's no reason to have it any closer, because it's not needed to mitigate tearout and will be counterproductive with feeding.
Bailey's patent talked about stabilizing thin irons, which his chipbreaker does, but it shouldn't be overlooked just how good it is at mitigating tearout when used properly, which was common knowledge at the time and something that would be taken for granted.