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How to increase the Friend load limit in default.ini
we hardcoded it at javascript as 200, I suggest you to changing it from php code:
/components/com_community/controllers/system.php at line 66 you can see this code
public function ajaxLoadFriendsList($namePrefix, $callback, $cid, $limitstart = 0, $limit = 200) {
after that code, you can put this code:
if ($limit == 200) $limit = 500;
free fill to changing the "500" to other. but it might be make some issue. because that jomsocial limit always 200.