Agreed. I mentioned it on my post earlier.
Basically:
*Chibi* is a physical trait. A chibi character is short and small and petite.
*Loli* is a character archetype. A loli *must* be chibi...though not always. A loli character must always seem very very young, or at least invoke a sense that they still have *childlike innocence and naivete,* that is implied with their appearance.
Played straight, loli characters are your morality pet, or someone who needs protection, etc.
Subversive Loli chara like Rebecca (Edgerunners) or Baby Bonnie (Darkstalkers) or heck, some rendition of the goddamn **Wendy's** logo , is super fun due to the contrasting element between perceived youth and innocence, with a perverse taste of chaos usually seen in adults.
All IMO.