You had the bootloader because first you needed executable code in the first sector of the partition, and you can't fit much in those 512 bytes. But moving to UEFI means you never execute that code anymore. Instead, you load a BOOT.EFI file off of a FAT16/FAT32 partition. If there's a restriction on size for that, then you proceed to a bootloader instead of the real kernel.
GPT puts no size limitations on the FAT32 EFI System Partition. Your bootloader can be as big as you want it to be, which is why just booting off of a Linux kernel image with an initrd in the same file has been a valid option for years. Not sure why Lennart feels compelled to reinvent this particular wheel again.
