strlcpy has the braindamage that it returns the length of the source buffer, which means it has to traverse the entire buffer to figure out the length.
If you want to copy out the first line from a buffer that happens to be a 10TB mapped file, that strlcpy call will take a long time to finish. If you are using strncpy/strlcpy because you don't trust the src buffer is properly null terminated but you still want to stop the copy at the first null or when the buffer is full, well, you're out of luck because strlcpy is going to blast past the end of the source buffer regardless.
I would have been much happier if it had just returned a flag indicating either successful copy (0), buffer was truncated (1), or an error occurred and errno was set (-1). Possible errors could be that the src or dest was NULL or the size was 0 (ERR_BAD_ARGUMENT).