using laptops as a forever-plugged-in device (regardless if workstation or server) isn't the greatest idea. as an intermediary solution, like until you have something more permanent in place, sure. otherwise, look elsewhere.
limiting battery charge isn't available on all laptop models and is aimed at preserving the battery's functionality; it doesn't solve the issue of a forever charged and never emptied battery. on the other hand, removing the battery on a lot of models limits their performance, significantly.
what is a viable solution is if you get a laptop board that runs at full power without battery, you can remove the board from the laptop, retrofit it with better cooling and additional storage (mini-PCI or M.2 to SATA adapters) and you end up with an energy-efficient server. but that requires a lot of work and is not something recommended for non-enthusiasts.
in short, sell it or swap it for something more adequate.