For those not familiar, the secret ingredients are to do with the Lime Cycle [1]: 1) Quicklime/Slakedlime (Calcium Oxide, CaO) 2) Lime (Calcium Hydroxide, CaOH2) 3) Limestone (Calcium Carbonate, CaCO3) To keep it simple, typically you start with Quicklime (CaO) and after construction you end up with some mix of all three and after hundreds of years, the masonry transitions to mostly Limestone with microscopic traces…
I forgot another important reason why Portland cement is preferred over lime these days. Lime takes a while to set (a few days?), cement sets faster.
https://www.ce.memphis.edu/1101/notes/concrete/section_3_pro...