Excerpt bug? (always on ellipses)

theme-functions.php

////////////////////////////////////////////////////////////////////////////////
// excerpt the_content()
////////////////////////////////////////////////////////////////////////////////
function dez_get_custom_the_excerpt($limit) {
if($limit == '' || $limit == '0') {
  } else {
  $excerpt = explode(' ', get_the_excerpt(), $limit);
if (count($excerpt)>=$limit) {
    array_pop($excerpt);
    $excerpt = implode(" ",$excerpt).'...';
  } else {
    $excerpt = implode(" ",$excerpt).'...';
  }
  $excerpt = preg_replace('<code>\[[^\]]*\]</code>','',$excerpt);
  return $excerpt;
  }
}

Should the if statement not be

if (count($excerpt)>=$limit) {
    array_pop($excerpt);
    $excerpt = implode(" ",$excerpt).'...';
  } else {
    $excerpt = implode(" ",$excerpt);

To only show ellipses if the limit is breached?