I seriously doubt they would see any real similarities between term limits and things like the 1st or 2nd amendment, which addressed an individual's rights. I know I don't.Same argument the anti gun crowd uses against the 2nd amendment. Same argument creeping up lately, on the 1st amendment as well.
What they DID foresee is that there are some things so vital and important they made them very hard to ever get done. Term limits is one of those. They foresaw populism and took steps to protect us from it.