You can view your PHP memory limit by creating and viewing a phpinfo.php page. If needed, you can then modify your PHP settings using a php.ini file.
By timeout, if you mean max_execution_time, that can be viewed in your phpinfo.php file as well, and can also be modified through the php.ini file.
I'm not personally familiar with ServerBuddy, but we haven't had any reports of anyone having trouble running it here.
Our hosting plans do not limit by space or bandwidth, but I would suggest with any large blogs that you look into optimizing WordPress by setting up a caching plugin and using a cron job for your WordPress task management.
Please feel free to contact us if you have any additional questions. We're happy to help.
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